Helium (HNT) has surged by 18% over the past week, driven by growing momentum in the Helium ecosystem.
Helium (HNT) has surged by 18% over the past week, driven by growing momentum in the Helium ecosystem. This rally comes amidst weakness in the wider crypto markets, which saw Bitcoin (BTC) lose 3.65% in the past 7 days.
This rally saw HNT gain over 176% since the lows reached on July 10, making HNT the top gainer among the top 100 cryptocurrencies by market value, according to CoinMarketCap data. While HNT has seen significant gains, the overall crypto market has trended downward, with the total market market cap decreasing by 0.27% over the last 24 hours.
Helium Mobile uses the Helium network to connect to hotspots globally for data sharing, tracking, and communication. The service surpassed key milestones, reaching 100,000 subscribers in early August and 112,709 subscribers as of September 4.
The number of hotspots worldwide has also surged significantly, growing from just 11 in September 2023 to 18,355 currently. This expansion is particularly noticeable in the United States and Western Europe, with growing networks in Latin America and Asia.
Additionally, the usage of the Helium Mobile network has seen significant growth over the last 30 days, with the daily total usage estimated at 3,033 on September 5.
This upward trend in network usage and subscriber growth highlights the leading position of Helium in the decentralized physical infrastructure network (DePIN) sector.
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