DeNet Q2 2024 Results: Major Milestones and Exciting Developments

Introduction

The second quarter of 2024 was a fruitful period for DeNet, marked by significant milestones and accomplishments. The services built on top of the DeNet Storage Protocol underwent major updates, greatly enhancing user experience and quality. Here’s a detailed overview of our achievements in Q2.

Impressive Numbers

DeNet saw considerable growth in Q2:

• Opened storage deposits reached 7.7 PB, with 5.8 PB from the Store&Earn program.

• The number of participants in the Store&Earn program increased by 32%.

• The Datakeepers network expanded by 50%, now totaling 74 members.

• Our Discord community reached 1,000 members.

• We hit the 10 million files milestone.

• The TBY value increased by 19%.

DeNet Storage Enhancements

DeNet Storage introduced several noteworthy updates:

• A new feature for generating private file links, enabling secure file sharing.

• File previews to allow users to conveniently view uploaded content.

• User interface improvements, error resolutions, speed and stability boosts, and performance optimizations.

• Android users can now back up phone folders, while support for iOS 15 has been discontinued.

Store&Earn Web Version

The Store&Earn web version was released in Q2, making decentralized storage even more accessible:

• Users can make storage deposits.

• Complete selected tasks to increase rewards, such as inviting friends and making posts.

• Claim rewards easily through the web interface.

Datakeepers Platform Release

The new node.denet.app platform for Datakeepers consolidates essential steps for becoming a Datakeeper and monitoring nodes:

• Combines the Datakeepers Map, network stats, and a reward calculator.

• Aims to make the Datakeeper journey easier and more accessible.

DeNode Update v1.4.6

The latest DeNode v1.4.6 release significantly improved the proof search mechanism, allowing Datakeepers to earn more rewards by sending more proofs. The update has been well-received by the community.

New Collaborations

DeNet formed a strategic partnership with OpSec, a global hub for cloud-based products. This collaboration will facilitate user contributions of storage capacities and operation of DeNet nodes on OpSec’s CloudVerse platform.

DeNet File Token Performance

Despite market fluctuations, the DeNet File Token ($DE) consistently demonstrated strong performance across multiple categories throughout Q2.

Market Presence

DeNet continued to gain momentum in the expanding DePIN market by actively participating in industry discussions, events, and initiatives:

• Attended TOKEN2049, the biggest crypto event in Dubai.

• Featured in a video by Your Friend Andy, highlighting DeNet’s real-world use cases and benefits.

• Spoke at X Spaces hosted by Farmsent, discussing the current trend of DePIN.

• Hosted an AMA session in early June, attracting insightful questions from the community.

Community Growth

The DeNet community saw significant growth and engagement:

• The Datakeepers network grew by 50%, with members earning more than 64 TBY by sending over 11,500 proofs.

• The Discord community reached 1,000 members, growing by 22% during Q2.

• Community members earned over 54 TBY for their contributions, participating in beta tests, providing feedback, and onboarding new members.

Final Thoughts

Q2 2024 was a period of significant achievements for DeNet. With major updates, new collaborations, and a growing community, we have laid a strong foundation for future success. We have even more exciting plans for Q3, so stay tuned!