Peaq Launches 'Machine Economy' Full Scale in Q1 2025 According to Messari Report

[Block Media] According to the blockchain market analysis platform Messari, the DePIN-based blockchain Peaq ($PEAQ) showed signs of significant ecosystem growth in the first quarter of 2025.

Messari evaluated that Peaq has demonstrated the potential for realizing a Machine Economy, with machine-centric network usage surging in its first quarter after mainnet launch. 

On-chain activity and revenue rose concurrently. In Q1 2025, Peaq's on-chain activity demonstrated a thriving machine-centric ecosystem. The daily active addresses averaged 22,738, up 256.7% from the previous quarter, while new addresses daily increased by 624.4%. Human addresses grew by 450.3%, and machine addresses surged by 789.4%.

Transaction volume followed a similar trend. The average daily transactions reached 77,386, up 32.5% from the previous quarter's 58,424, indicating a steady increase in user-machine interactions.

Revenue also increased alongside these figures. The total protocol revenue for Q1 was $44,334, a 350.2% increase from the previous quarter. The daily revenue rose from a quarterly average of $288.81 to $712.29, up 146.6%. Most of the revenue came from micro-fee based transactions priced at $0.00025.

By the end of Q1, 49 DePIN projects participated in the Peaq ecosystem, spanning 21 industries such as water quality, air quality, and mobility. New projects like AquaSave, BigWater, and WAGOI joined, extending the ecosystem.

Investment also followed. In Q1, Peaq ecosystem projects secured over $4 million in external investment. Teneo raised $3 million in seed funding, XMAQUINA secured $900,000 in community funding, and Combinder received $500,000 in pre-seed investment. These funds aim to expand devices, develop SDKs, and operate infrastructure.

This quarter's growth in Peaq was attributed to the expansion of practical use devices and the functioning of a token-based reward structure. The browser-based DePIN project Teneo ($TEN) onboarded 1.36 million new devices through social media bandwidth sharing. Silencio ($SLC) onboarded 707,000 addresses via a noise-measuring mobile app. 

Other projects such as MapMetrics, Dats, Farmsent, and Combinder formed the ecosystem by connecting real-life data to the blockchain. The 'Get Real' campaign beta, launched in February, attracted participation by offering token rewards, quests, and staking incentives to more than 15 DePINs.

The activation of the token economy played a crucial role. Peaq expanded liquidity through listings on Bithumb and Bitpanda in January, and Silencio issued its own token SLC to reward users. The food marketplace Bistroo transferred 25% of its Ethereum-based BIST tokens to Peaq, highlighting commercial applicability.

Peaq set a goal for Q2-3 of 2025 to transition the Machine Economy ecosystem from expansion to maturity. Peaq will focus on advancing Machine DeFi, enhancing DePIN onboarding structures, improving performance, and increasing developer accessibility.

In Q2, the Machine DeFi Suite v1 products will launch alongside the world’s first Machine Economy-dedicated DEX. The Peaq native DePIN launchpad will also debut, with integrated infrastructure such as bridges, wallets, and aggregators. The 'Get Real Campaign' covering the ecosystem's reward structure will officially begin.

Technically, Peaq aims to achieve 65,000 TPS and sub-0.4 second block times on the testnet, improve SDKs (JavaScript and Python), and target major exchange listings in Q2.

In Q3, the Machine DeFi Suite v2 will be revealed. The financial structure will expand with the introduction of machine-based real-world assets (RWAs), native stablecoin release, and construction of a machine-specific money market. The mainnet will aim to achieve enhanced TPS and latency, along with fee market upgrades and developer environment revamps.

By the end of Q3, Peaq will release the 'Purple Paper' summarizing the ecosystem's technology and vision. Transitioning beyond the initial experimental stage, Peaq is set to establish itself as a machine-centric blockchain infrastructure with technical completion and public accessibility.

After proving expansion potential based on practical use in Q1, Peaq is now embarking on a journey to realize an economy led by machines.