Top DePIN Projects in Terms of Social Activity, TAO Leads the Way

A top analytics platform, Phoenix Group, has recently shared the list of prominent DePIN projects in terms of social activity. DePIN narrative is among the top 5 crypto narratives in this bull run. Phoenix Group’s list of DePIN projects takes into account TAO, RNDR, FIL, ICP, EGLD, WMT, DIONE, HOT, AR, and AKT. The analytics firm revealed the respective list on its official social media account on X.

TOP #DEPIN PROJECTS BY SOCIAL ACTIVITY$TAO $RENDER $FIL $ICP $EGLD $WMT $DIONE $HOT $AR $AKT pic.twitter.com/I7co2L2qvY

— PHOENIX – Crypto News & Analytics (@pnxgrp) August 18, 2024

TAO Tops the DePIN Projects Based on Social Activity

The list takes into account a couple of indicators for social activity. They take into account engaged posts as well as interactions. Engaged posts reportedly measure the cumulative posts receiving interactions in the twenty-four-hour span. On the other hand, interactions take into account several socially-driven engagements. Moreover, they also include actions like upvotes, retweets, comments, and likes.

As per the data from Phoenix Group, TAO is the top among the DePIN projects that have maximum social activity. The project has seen up to 7.2K engagement posts as well as 1.0 million interactions over the recent 24 hours. After that, RNDR gained the 2nd spot with nearly 5.8K engagements posts. Additionally, it has witnessed 371.5K interactions in the same timeframe.

Following that, FIL stands in the 3rd position in the list of DePIN projects with maximum social activity. It has reportedly recorded 5.6K engagement posts with 558.0K interactions. In addition to this, ICP obtains 4th place with 5.6K engagement posts. The DePIN project’s interactions have reportedly reached 869.2K in the above-mentioned time. Coming in the 5th position, EGLD’s engagement posts touched 4.8K in number. It additionally beheld 952.0K interactions.

AKT Comes Last in the List with 2.5K Engagement Posts and 279.5K Interactions

WMT recorded 3.0K engagement posts and 246.9K interactions, placing it in the 6th position. The 7th project in the list “DIONE” saw 2.7K engagement posts and 289.1K interactions over twenty-four hours. HOT seized 8th position with 2.5K engagement posts along with 162.2K interactions. AR’s engagement posts and interactions reached 2.5K and 252.2K in number respectively. AKT has taken the 10th spot in the list with 2.5K engagement posts apart from 279.5K interactions.

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