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![soliieth Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1720268368123416576.png) Soli [@soliieth](/creator/twitter/soliieth) on x 1345 followers
Created: 2025-07-25 14:55:44 UTC

hello everyone welcome to @peaq and the machine economy
peaq is a layer1 blockchain powering the economy of things built for real world apps and devices
peaq enables decentralized physical infrastructure networks or depin where machines vehicles robots and users transact autonomously

key points
depin infrastructure built in
modular depin functions sdk for machine id access pay verify and machine nfts
full evm compatibility plus support for rust smart contracts via substrate
bridged to ethereum and interoperable with polkadot ecosystem via xcm

founding story
peaq was created by till leonard and max united by their vision to integrate blockchain and iot starting in 2017 and launching peaq mainnet in november 2024 

funding and growth
raised XX million in march 2024 and XX million via coinlist in may 2024 
ecosystem now spans over XX depin projects across XX plus industries with millions of devices globally 

why peaq matters
scalable fast low cost network reaching up to 10000 tps today with plans for over 100k tps entralized inheriting polkadot relay chain security with nakamoto

![](https://pbs.twimg.com/media/GwtiDUbX0AA5vcz.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948759077242474975/c:line.svg)

**Related Topics**
[iot](/topic/iot)
[coins layer 1](/topic/coins-layer-1)
[networks](/topic/networks)
[decentralized](/topic/decentralized)
[blockchain](/topic/blockchain)

[Post Link](https://x.com/soliieth/status/1948759077242474975)