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In the latest episode of Fully Diluted, Dylan Bane talks with Spexi COO and LayerDrone co-founder Alec Wilson about building a DePIN-powered drone network that could redefine Earth observation. Alec explains how Spexi’s autopilot software and LayerDrone’s token incentives coordinate thousands of pilots to capture standardized, ultra–high-resolution imagery—1–3 cm per pixel—at city scale, creating a data product that outclasses satellites and planes for logistics, insurance, governments, and spatial AI. They dig into lessons from paying contributors in fiat first, the realities of B2B sales and crypto perception, early demand from companies like Amazon, Uber, Niantic, and Esri, and what to expect from LayerDrone’s upcoming mainnet launch, token generation event, and global expansion plans.
Watch the full conversation on YouTube, Spotify, or Apple Podcasts.
Messari's protocol reports give you a deep dive on the foundation and state of top crypto protocols, including key metrics and notable events. See the complete list of protocol reports here and get a preview of our latest report below.
Public Layer-1 blockchain focused on the Machine Economy – enabling robots, devices, vehicles, and other machines to act as onchain economic agents
Positioning as a leading chain for robotics + machine RWAs (e.g., tokenized robo-farm in Hong Kong, Combinder energy devices, Silencio audio DePIN, XMAQUINA physical-AI DAO, Teneo AI-agent network)
Market cap up ~69% to ~$129M, 5.6M transactions (+19% QoQ)
Multiple CEX listings improve PEAQ liquidity and reach
Non-custodial staking protocol on Solana with its own governance token, MNDE
mSOL (Marinade SOL) – liquid staked SOL token; accrues staking yield and can be used across Solana DeFi (lending, LP, structured products)
~10.4M SOL staked across mSOL, Native, and Select, equal to about $2.2B TVL, with most stake in Marinade Native
Core staking + yield layer for regulated products and large treasuries (partnerships with Bitwise, BitGo, Paxos, VisionSys AI and others)
SUI circulating market cap grew 23.3% QoQ to $11.63B, outperforming the broader crypto market
DeFi TVL reached $2.11B (+19.9% QoQ; +2.2% in SUI terms) with lending and DEXs as core pillars
Average daily DEX volume hit a new ATH of $456M (+24% QoQ), making Sui one of the more actively traded L1s
New vehicles and integrations—Grayscale Walrus & DeepBook Trusts, SUIG’s $450M SUI treasury, Fireblocks/Sygnum/AMINA custody, and a Robinhood listing broadened access
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