Crypto Basics

What is BscScan and How Does it Work?

Discover the inner workings of BscScan and how it serves as an essential tool for monitoring Binance Smart Chain transactions and assets in this guide.
S. Vishwa
11 Minutes
MIN

Blockchain technology has revolutionized the world of finance and decentralized applications. As the popularity of cryptocurrencies grows, so does the need for reliable tools to navigate and explore different blockchain networks. 

BscScan is a tool designed explicitly for the Binance Smart Chain (BSC). In this comprehensive guide, we will delve into the intricacies of BscScan, its functionalities, and how to make the most of this powerful blockchain explorer.

What is BscScan?

BscScan is the premier blockchain explorer for the Binance Smart Chain (BSC), developed by the same team responsible for creating Etherscan. Launched in 2020, BSC has rapidly gained popularity as a scalable and efficient blockchain network for decentralized applications and digital assets. 

BscScan provides users with a comprehensive view of the BSC ecosystem, allowing them to explore wallet addresses, track transactions, verify intelligent contracts, and analyze token data.

As a blockchain explorer, BscScan acts as a search engine for the BSC network, providing real-time information about transactions, blocks, addresses, and smart contracts. 

It offers a user-friendly interface that makes navigating and extracting valuable insights from the BSC blockchain accessible. Whether you are a developer, investor, or blockchain enthusiast, BscScan is an indispensable tool for interacting with the BSC network.

Understanding BscScan's Features

Real-Time Transaction Tracking

One of the core functionalities of BscScan is its ability to track transactions on the Binance Smart Chain in real time. By entering the transaction hash or wallet address, users can retrieve detailed information about a specific transaction, including the transaction amount, date, block number, balances, transaction fees, and status. 

This feature is handy for individuals who want to monitor the progress of their transactions or verify the authenticity of a particular transaction on the BSC network.

Exploring Wallet Addresses

BscScan allows users to explore wallet addresses on the Binance Smart Chain, providing a comprehensive overview of transaction history, token balances, and other relevant information. 

Users can access details such as BNB balance, BEP-20 token holdings, transaction data, and more by entering a wallet address into the search bar. 

This feature enables users to gain insights into the activity of specific wallets and track the movement of digital assets on the BSC network.

Smart Contract Verification

Smart contracts are an integral part of the Binance Smart Chain ecosystem, enabling the creation and execution of decentralized applications. 

BscScan offers an intelligent contract verification feature, allowing users to verify the authenticity and integrity of smart contracts deployed on the BSC network. 

By comparing the compiled code of a smart contract with the code running on the blockchain, users can ensure that the contract functions as intended and mitigate the risk of potential vulnerabilities or malicious activities.

Token Tracking and Analysis

BscScan allows users to track and analyze tokens on the Binance Smart Chain. Users can access information about the top BEP-20 tokens, including prices, volume, market capitalization, number of holders, and cross-chain compatibility. 

Additionally, BscScan supports ERC-721 and ERC-1155 tokens, making it possible to explore and track non-fungible tokens (NFTs) on the BSC network. 

This feature is invaluable for investors and traders looking to stay updated on the performance and trends of different tokens within the BSC ecosystem.

Gas Price Monitoring

Gas fees are essential to any blockchain network, including Binance Smart Chain. BscScan offers a gas price monitoring feature, allowing users to view real-time information about gas fees on the BSC network. 

By monitoring gas prices, users can make informed decisions about transaction fees and navigate the network efficiently. This feature is handy during periods of high network congestion when gas fees tend to fluctuate.

Using BscScan: Step-by-Step Guide

BscScan provides a user-friendly interface that makes it easy for users to navigate and extract valuable information from the Binance Smart Chain. In this step-by-step guide, we will walk you through using BscScan's key features.

BscScan

Checking Transactions on BscScan

  • Visit the BscScan website at bscscan.com.
  • In the search bar at the top of the page, enter the transaction hash or wallet address you want to investigate.
  • BscScan will query its database and display detailed information about the transaction, including the transaction amount, date, block number, balances, transaction fees, and status.
  • Take note of the transaction status, which can be pending, successful, or failed. This information will help you determine the progress and outcome of the transaction.
  • You can also explore additional details about the transaction by clicking on specific sections, such as the sender's address, recipient's address, or transaction hash.

Exploring Wallet Addresses

  • On the BscScan homepage, locate the search bar at the top of the page.
  • Enter the wallet address that you want to explore and press Enter or click the search icon.
  • BscScan will provide an overview of the wallet address, including the BNB balance and the balances of any BEP-20 tokens held in the wallet.
  • Scroll down to view the transaction history associated with the wallet address, including incoming and outgoing transactions.
  • You can click on individual transactions to access more detailed information, such as the transaction hash, block number, and transaction fee.

Verifying Smart Contracts

  • Navigate to the BscScan website and locate the "Verify Contract" section.
  • Enter the smart contract address that you want to verify.
  • Select the appropriate compiler type and open-source license type.
  • Copy and paste the Solidity contract code into the designated field.
  • Enable optimization by selecting "Yes" in the optimization dropdown menu if applicable.
  • Click the "Verify and Publish" button to initiate the contract verification process.
  • BscScan will compare the submitted code with the code running on the BSC network and provide a verification result indicating whether the contract code matches.

Tracking Tokens on BscScan

  • Access the BscScan website and navigate to the "Tokens" section.
  • Explore the top BEP-20 tokens listed on BscScan, including their prices, volume, market capitalization, and number of holders.
  • Use the search bar to find specific tokens by their contract address or token symbol.
  • Click on individual tokens for more detailed information, such as the token's contract address, token holders, transaction history, and related smart contracts.
  • BscScan also supports ERC-721 and ERC-1155 tokens, allowing users to explore and track non-fungible tokens (NFTs) on the BSC network.

Monitoring Gas Prices

  • Visit the BscScan website and locate the "Gas Tracker" section.
  • Monitor the average gas price displayed on the page.
  • Check the block size and average utilization to understand the current network congestion.
  • Scroll down to view the BSC network's top gas guzzlers and spenders.
  • Use this information to make informed decisions about gas fees and optimize your transactions on the Binance Smart Chain.

BscScan vs. Etherscan: Key Differences

While BscScan and Etherscan share similarities as blockchain explorers, the two platforms have some key differences. Here are the main distinctions:

  • Supported Wallets: BscScan supports a limited number of wallets (e.g., MetaMask, TrustWallet) compared to Etherscan, which supports a broader range of wallets.
  • Features: Etherscan has the advantage of offering Blockchain APIs and Crypto APIs, providing developers with more advanced functionalities for interacting with the Ethereum blockchain.
  • Focus: BscScan is designed explicitly for the Binance Smart Chain, while Etherscan caters to the Ethereum network. Each explorer prioritizes features and data relevant to its respective blockchain.

BscScan and Etherscan are reputable and reliable explorers, offering valuable insights into their respective blockchain networks.

BscScan Alternatives

While BscScan is the leading blockchain explorer for the Binance Smart Chain, several alternative explorers are available for users. Here are a few notable options:

  • Binance Chain Explorer: Developed directly by Binance, this explorer provides information about blocks, transactions, wallet balances, and BNB metadata. It is available both as a web and mobile application.
  • BitQuery Explorer: BitQuery is a comprehensive explorer that supports multiple blockchains, including Binance Smart Chain. It offers advanced search and analytics capabilities for developers and researchers.
  • Binance Explorer: Binance also provides its explorer for the Binance Smart Chain, offering similar functionalities to BscScan. It is a reliable alternative for users seeking a different interface or additional features.

These alternatives provide users with different interfaces and functionalities, allowing them to choose the explorer that best suits their needs.

Is BscScan Safe?

As a leading blockchain explorer, BscScan is developed by the same team behind Etherscan, which has established a strong reputation in the blockchain community. 

BscScan is safe to use, as it does not require a connection to your BSC wallet and cannot access or acquire your funds. However, it is essential to exercise caution and verify that you are using the official BscScan website (bscscan.com) to avoid potential phishing attempts. 

Always double-check the URL and ensure that you are on the correct website before entering any sensitive information.

Is BscScan Compatible with NFTs?

Yes, BscScan is fully compatible with non-fungible tokens (NFTs). Like Ethereum, the Binance Smart Chain hosts various NFT projects, taking advantage of its lower fees and higher efficiency. 

Users can track their NFTs on BscScan using the transaction hash, NFT intelligent contract address, or wallet address. However, it is essential to note that BscScan does not display the artwork contained within an NFT. 

Users must connect to a compatible marketplace or service provider supporting the specific NFT token standard to view the artwork.

Frequently Asked Questions

Q1. How to check if liquidity is locked on BscScan?

To determine if liquidity is locked for a specific token on BscScan, you can follow these steps:

  • Go to the BscScan website and navigate to the "Tokens" section.
  • Search for the token by its contract address or token symbol.
  • Scroll down to the "Transfers" section and click on the transaction hash associated with the liquidity addition.
  • Check if the liquidity pool tokens or a burn address were sent to the development wallet.
  • Verify that the development wallet does not hold any liquidity pool tokens or check if they have been transferred to a burn address.

Q2. Can BscScan be used for other blockchain networks?

No, BscScan is designed explicitly for the Binance Smart Chain and cannot be used to explore other blockchain networks. Each blockchain has its dedicated explorer, such as Etherscan for Ethereum or Blockchain for Bitcoin. 

If you need to explore a different blockchain, using the corresponding blockchain explorer for accurate and relevant information is recommended.

Q3. What are the advantages of using BscScan for yield farming?

BscScan offers several advantages for users engaged in yield farming on the Binance Smart Chain:

  • Access the latest yield farming opportunities through the "Yield Farms List" feature.
  • Detailed information about different farms, including their locations and how they work.
  • The ability to track your yield farming activities, including the tokens you have staked and the rewards you have earned.
  • Lower transaction fees compared to alternative platforms like Ethereum, making yield farming on BSC more cost-effective.

Q4. Can I revoke token approvals using BscScan?

Yes, BscScan provides the "Token Approval Checker" tool that allows users to review and revoke token approvals for decentralized applications (DApps).

Connecting your wallet to BscScan and using the Token Approval Checker lets you see which DApps can access your tokens and revoke their permissions if desired. This feature gives users more control over their token holdings and helps ensure the security of their assets.

Q5. How does BscScan ensure contract verification?

BscScan's contract verification process involves comparing the source code of a smart contract with the compiled code running on the Binance Smart Chain. 

This process ensures that the code deployed on the blockchain matches the source code provided by the developer. 

BscScan's verification process enhances transparency and security by allowing users to verify intelligent contracts' functionality and integrity independently.

Q6. What are the risks of using BscScan?

While BscScan is a reputable and reliable blockchain explorer, some risks are associated with using any online tool. It is essential to be cautious and follow best security practices when using BscScan or any other blockchain explorer:

  • Ensure you use the official BscScan website (bscscan.com) to avoid phishing attempts.
  • Double-check the URL and ensure that you are on the correct website before entering any sensitive information.
  • Be wary of fake or malicious contracts, tokens, or DApps. Always conduct thorough research and due diligence before interacting with unknown projects.
  • Keep your personal information and wallet details secure. Avoid sharing sensitive information with unknown individuals or platforms.

Q7. How can I contribute to the BscScan community?

If you are interested in contributing to the BscScan community, there are several ways to get involved:

  • Participate in discussions on the BscScan forums or social media channels.
  • Report any bugs or issues you encounter using BscScan to the development team.
  • Provide feedback and suggestions for improving the platform's features and user experience.
  • Contribute to the BscScan open-source project on GitHub if you have programming skills.

Your contributions can help enhance the functionality and usability of BscScan for the entire Binance Smart Chain community.

Conclusion

BscScan is a powerful and essential tool for navigating the Binance Smart Chain ecosystem. Whether you are an investor, developer, or blockchain enthusiast, BscScan provides valuable insights into the BSC network's transactions, smart contracts, tokens, and gas prices. 

By leveraging BscScan's features, you can make more informed decisions, track your investments, and ensure the security of your digital assets. Explore BscScan today and unlock the full potential of the Binance Smart Chain.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other advice, and you should not treat any of the website's content as such.

Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Conduct your due diligence and consult your financial advisor before making investment decisions.

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Research

How to Find the Next 100x Cryptocurrency Before Everyone Else | Token Metrics Moonshots

Token Metrics Team
8 min
MIN

In the world of crypto, timing is everything. If you’re trying to turn $100 into $10,000, the holy grail is finding the next 100x altcoin before the masses catch on. These explosive opportunities are rare, but with the right tools and strategy, they’re not impossible to uncover.

In this guide, we’ll show you exactly how to identify moonshot tokens—those under-the-radar gems that have the potential to skyrocket. You’ll also learn how to use Token Metrics, one of the most powerful AI-driven platforms, to spot them before they take off.

What Are Moonshot Cryptocurrencies?

“Moonshot” is a crypto-native term that refers to a low-cap cryptocurrency with the potential to deliver outsized returns, often 10x, 50x, or even 100x. These tokens may start unnoticed, trading at fractions of a penny, but once they gain traction, they can make early adopters massive profits in a very short period of time.

Key Traits of Moonshots:

  • Market cap under $50 million
  • High volatility with strong upward price potential
  • Community-driven marketing or narrative
  • Emerging sectors like AI, DePIN, Web3 infrastructure, or meme coins
  • Limited exchange listings (often only on DEXs)

Moonshots are risky—but with smart research and analytics, they can be strategic bets rather than blind gambles.

How Moonshots Work

Most 100x altcoins follow a predictable life cycle:

  1. Early Accumulation – Whales and savvy investors quietly accumulate before the public is aware.
  2. Trigger Catalyst – A social media trend, influencer mention, exchange listing, or big partnership sparks interest.
  3. Volume Surge – Trading activity spikes, liquidity increases, and price begins to move.
  4. Parabolic Rally – The token “moons” as retail investors jump in.
  5. Top Formation and Correction – Early investors take profits; latecomers often buy the top.

Catching a moonshot before Step 3 is your goal. You want to be in position before the breakout, not chasing after it.

This is where Token Metrics becomes invaluable.

Why Token Metrics Is the Best Tool for Discovering Moonshots

Token Metrics is a crypto analytics platform powered by AI, machine learning, and real-time data. It monitors thousands of tokens and ranks them using quantitative models, helping traders and investors find opportunities before they trend.

With features like:

  • Trader Grade and Investor Grade rankings
  • AI-generated signals
  • Real-time ROI tracking
  • Integrated trading functionality


Token Metrics helps you act fast and stay ahead of the crowd.

Let’s walk through exactly how to use Token Metrics to find the next 100x cryptocurrency.

How to Use Token Metrics to Find Moonshots

Here’s a step-by-step guide to using Token Metrics’ Moonshot system to uncover high-potential altcoins.

✅ Step 1: Go to the Ratings Page

Once logged into the Token Metrics platform:

  • Navigate to the “Ratings” tab from the main dashboard.
  • This section ranks thousands of cryptocurrencies based on AI-calculated Trader Grade and Investor Grade.

Trader Grade is especially important for short-term breakout potential—it reflects the strength of a token’s momentum and technical setup.

✅ Step 2: Click on the “Moonshots” Tab

In the Ratings interface:

  • Click the “Moonshots” tab at the top.
  • This filters the token list to show only those identified as moonshot candidates by Token Metrics’ AI models.

These tokens are selected using proprietary algorithms that scan for:

  • Sudden volume surges
  • Rising trader grades
  • Favorable technical and social signals
  • Market cap anomalies

These are the coins flying just below the radar—with massive breakout potential.

✅ Step 3: Review Key Metrics

Each token in the Moonshots tab includes real-time, high-signal data to guide your decision-making:

  • Trader Grade: How strong is this token’s short-term setup?
  • Change in Trader Grade: Is momentum building?
  • 24-Hour Volume: Is there growing interest or liquidity?
  • Market Cap: The smaller the cap, the more upside (and risk).
  • Date of Entry: When was this token added to the Moonshots list?
  • Live ROI Since Moonshot: Has the token already moved—or is it still early?

You can also switch to Past Moonshots to see historical performance. Many past Moonshots have shown gains of 3x–20x within days of being listed.

✅ Step 4: Choose a Token to Explore

Click on any token from the Moonshots list to open its Token Details Page.

Here’s what you’ll find:

  • Live charts with technical indicators
  • Token fundamentals like supply, utility, and project roadmap
  • Top holder data to spot whales or early VC involvement
  • Sentiment scores and momentum shifts

This is where you do your research. Look for projects with:

  • Increasing community engagement
  • Clear narratives (e.g., AI, DePIN, meme, Layer 2)
  • Early whale accumulation
  • Undiscovered by influencers or major Twitter accounts

✅ Step 5: Buy in Seconds

Once you’ve found a token you like:

  • Hit the “Buy” button right from the Moonshots interface.
  • A swap widget will open inside Token Metrics.
  • Connect your wallet and execute the trade within seconds—no need to leave the platform.

This frictionless experience allows you to act immediately before the market catches on.

Pro Tips for Moonshot Hunting

Finding the next 100x crypto is part art, part science. Here are a few tips to sharpen your strategy:

  • Don’t Chase Pumps: Look for tokens with fresh momentum, not ones that are already up 500%.
  • Use On-Chain Data: Look for early accumulation, token holder growth, and low exchange balances.
  • Diversify: Don’t go all in on a single moonshot—spread risk across 3–5 plays.
  • Set Targets: Know your entry and exit strategy. Moonshots can reverse fast.

Final Thoughts

The next 100x altcoin won’t look obvious at first. It will likely be a small-cap token with limited press, an emerging narrative, and strong community energy.

By combining smart research, disciplined entries, and tools like Token Metrics Moonshots, you give yourself a major edge in spotting breakout coins before the explosion.

So stop guessing. Start using AI-powered insights to track moonshots, monitor early signals, and make informed trades that could change your portfolio—and your life.

🎯 Try Token Metrics now and unlock the Moonshots tab.
Visit: www.tokenmetrics.com

Crypto Basics

How to Find 100x Altcoins Before They Explode | Token Metrics Moonshot Guide

Token Metrics Team
8 min
MIN

In the world of cryptocurrency, the term “moonshot” isn’t just slang—it’s the dream. A moonshot is that rare token that delivers 100x or even 1000x returns, turning small investments into massive profits. But the real question is: how do you find these altcoins before they explode?

In this guide, we’ll break down what moonshots are, how they work, and most importantly, how to use Token Metrics—the leading AI-powered crypto analytics platform—to discover hidden gems before the crowd catches on.

What Are Moonshot Altcoins?

Moonshots are low market cap altcoins with high growth potential. These tokens often start under the radar, trading at fractions of a cent, and then experience explosive price action fueled by community hype, technical breakthroughs, or big news.

Common Traits of Moonshot Altcoins:

  • Market Cap < $50M – Small enough to grow exponentially
  • High Volatility – Swings of 20–100% daily are not unusual
  • Speculative Narrative – Often driven by trend cycles like AI, DePIN, or meme coin mania
  • Community Driven – Strong social momentum via X (Twitter), Telegram, or Discord
  • Limited Listings – Usually launched on decentralized exchanges (DEXs) before hitting major CEXs

These tokens carry high risk but also high reward. Timing and information are everything—and that’s where Token Metrics comes in.

How Moonshot Altcoins Work

The mechanics behind a moonshot typically follow a cycle of accumulation, hype, breakout, and profit-taking:

  1. Early Accumulation – Smart money (including whales and insiders) buys in at low prices.
  2. Volume Spike – Trading activity picks up as new investors notice price movements.
  3. Parabolic Move – Price jumps rapidly due to FOMO and social media hype.
  4. Peak & Correction – Early buyers take profits, causing volatility or sharp retracement.

Catching the token in Phase 1 or 2 is crucial. If you're entering during the parabolic move, the risk/reward ratio is much worse.

That’s why traders and investors rely on data and AI-powered tools like Token Metrics to identify moonshots before they explode.

How to Use Token Metrics to Find Moonshots

Token Metrics offers a dedicated Moonshots feature powered by machine learning models trained on thousands of historical signals. It helps you find high-potential altcoins before they go mainstream.

Here’s a step-by-step guide to finding moonshot tokens using Token Metrics:

✅ Step 1: Go to the Ratings Page

  • From your Token Metrics dashboard, navigate to the “Ratings” tab.
  • This is where tokens are scored using Trader Grade and Investor Grade, based on factors like:
    • Technical indicators
    • On-chain activity
    • Market momentum
    • Social sentiment

Trader Grade is especially important for identifying short-term opportunities and moonshot candidates.

✅ Step 2: Click on the “Moonshots” Tab

Inside the Ratings page:

  • Click the “Moonshots” tab at the top.
  • This filters tokens identified by the platform’s AI as having short-term explosive potential.

These are not random picks—they are selected based on:

  • Sharp trader grade increases
  • Unusual volume and price action
  • Sentiment spikes
  • Market cap vs. performance anomalies

The Moonshots page refreshes in real-time to capture fast-moving opportunities.

✅ Step 3: Review Key Metrics

Each token listed in the Moonshots section includes crucial data to guide your decisions:

  • Trader Grade (with % change over time)
  • 24-Hour Trading Volume – Helps gauge interest and momentum
  • Market Cap – Smaller cap = higher potential upside
  • Date of Entry – Know exactly when the token was flagged
  • Live ROI Since Moonshot – See how it’s performed since it was listed

Want to see past winners? Just switch to “Past Moonshots” to view previous AI picks and how they performed over 7–14 days. Many tokens in this category have delivered 5x–20x returns in a matter of days.

✅ Step 4: Choose a Token to Explore

Click on any token from the list to open its Token Details Page.

Here, you can:

  • View a real-time price chart
  • Read a breakdown of fundamentals, including tokenomics, roadmap, and sector
  • See top holders (whales, insiders, or project wallets)
  • Review technical indicators, volume trends, and volatility

This deep-dive view gives you everything you need to make an informed decision—not just guesswork.

✅ Step 5: Buy in Seconds

Once you’ve done your due diligence:

  • Click the “Buy” button directly on the Moonshots page.
  • This opens a swap widget that connects to top DEXs.
  • Choose your wallet, confirm the swap, and you’re done—no need to leave the platform.

This seamless process saves time and allows you to act quickly in a fast-moving market.

Why Token Metrics Is the Best Tool for Moonshot Hunting

Finding 100x altcoins is about timing, data, and confidence. Token Metrics gives you all three:

🔍 Data-Backed Confidence

No more relying on anonymous influencers or Telegram groups. Token Metrics backs every moonshot with quantifiable metrics.

🧠 AI-Powered Predictions

The platform’s models constantly analyze price, volume, sentiment, and chain activity to spot anomalies and early breakouts.

📈 Transparent Track Record

You can review past Moonshots and their ROI—transparency that few platforms offer.

💡 Trade-Ready UI

With integrated swap functionality, you can go from discovery to execution in under a minute.

Final Thoughts

Finding the next 100x altcoin is never easy—but with the right tools, your odds improve dramatically.

Moonshots are real, and they happen frequently in crypto. But they’re only lucrative if you find them early, analyze them rationally, and manage your risk.

With Token Metrics, you don’t have to chase hype—you can rely on real-time analytics, AI-powered ratings, and actionable insights to guide your moonshot hunting.

If you're serious about catching the next 100x gem, start using Token Metrics today.

🚀 Start your free trial and unlock the Moonshots tab at TokenMetrics.com

Research

Andrena and the Rise of DePIN: Decentralized Internet in 2025

Token Metrics Team
8 min
MIN

Introduction:
Decentralized Physical Infrastructure Networks (DePINs) are rapidly emerging as one of the most transformative sectors in the blockchain space. In 2025, projects like Andrena are pushing the boundaries of what’s possible by bridging real-world hardware with decentralized protocols. This blog takes a closer look at the DePIN thesis, Andrena’s approach, and why this project is on the radar of top investors and analysts.

What Is DePIN?

DePIN stands for Decentralized Physical Infrastructure Networks. It refers to blockchain-powered networks that coordinate real-world infrastructure using token-based incentives. Use cases include:

  • Wireless internet (e.g., Helium)
  • Sensor networks (e.g., WeatherXM)
  • Storage and compute (e.g., Filecoin, Akash, Arweave)
  • Energy grids (e.g., PowerPod)

In short, DePINs decentralize infrastructure deployment and management using blockchain-based coordination tools.

Why DePIN Matters in 2025

  1. Infrastructure Gaps: Billions remain unconnected to the internet or lack access to basic digital services. DePINs offer a way to close these gaps without reliance on centralized telecoms.
  2. Token Incentives for Network Participation: Hardware operators are rewarded for contributing bandwidth, compute, or coverage—creating a new economic model.
  3. Real-World Utility: Unlike speculative tokens, DePIN projects often provide visible, tangible value from day one.

Introducing Andrena: The Helium of the Internet?

Andrena is a DePIN project building a decentralized internet backbone through a combination of physical devices and blockchain protocols. The project is developing a hardware device called Black Box, expected to launch in July.

Key features:

  • Distributed, peer-to-peer wireless coverage
  • Web3 native incentives for node operators
  • No reliance on centralized ISPs
  • Tentative deployments in New York City, Mexico City, and Accra
  • Deep integration with Helium Network and its infrastructure

Andrena aims to give individuals and communities the power to run their own internet access points and be compensated in a decentralized system.

Why It’s Generating Buzz

Token Metrics researchers flagged Andrena as a top pick for long-term infrastructure exposure. Here's why:

  • Backed by Top VCs: In its upcoming Series B, Andrena is reportedly raising funds from major firms including Polychain Capital, Archetype, Wintermute, and Coinbase Ventures.
  • Mass Market Vision: The goal is not just to serve crypto-native users, but also everyday consumers who simply want affordable, decentralized internet access.
  • Multi-layered Integration: Andrena will offer both physical routers and a browser extension, enabling different levels of participation.

Strategic Partnerships and Rollout

The project is currently in soft-launch mode with localized pilots and is pursuing exchange listings later this year. While details remain limited, the focus is on building a global decentralized ISP layer—a radical shift from the existing internet access model.

Why Andrena Could Succeed Where Others Struggled

Previous attempts at decentralized internet often failed due to:

  • Poor hardware UX
  • Limited adoption outside of crypto users
  • Unclear monetization models

Andrena appears to be addressing these pain points with:

  • Consumer-grade devices
  • Partner integrations (e.g., Helium)
  • Clear token utility tied to network usage and coverage
  • A well-capitalized, experienced founding team

Risks and Unknowns

As with all early-stage infrastructure projects, there are risks:

  • Uncertain regulatory frameworks around ISPs
  • Capital intensity of hardware production and distribution
  • Network growth dependent on physical deployment
  • Limited token utility details at this stage

Investors and builders should stay informed as more information becomes public.

How Token Metrics Is Tracking DePIN Growth

The Token Metrics platform is actively monitoring the DePIN space through metrics such as:

  • TVL (Total Value Locked) in related ecosystems
  • Developer activity and GitHub velocity
  • On-chain signal strength and token accumulation
  • Fundamental and technical ratings

Projects like Andrena and its ecosystem partners are closely watched for early indicators of momentum.

Final Thoughts

DePIN is one of the most compelling frontiers in crypto. It offers real-world, real-time applications that go far beyond speculation. Andrena is at the center of this movement, blending telecom hardware, Web3 incentives, and global deployment.

While it's still early, the signs are promising. From reputable backers to ambitious global plans, Andrena is a project worth watching in 2025 and beyond.

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