We scored many projects this week. Here are a few you should know about:

1. Dabba Network

2. Acurast

3. Miden

Please remember that some of these projects still need our code review process. Still, we want to call them out here because they preliminarily caught our eye based on our fundamental analysis process.

1. Dabba Network

Website | X (Twitter)

Sector: DePIN

Status: Active

Dabba Network is a Solana-based decentralized physical infrastructure network (DePIN) marketplace designed to deliver high-speed WiFi internet across India. It aggregates stakeholders like hotspot owners, local cable operators, data consumers, location owners, backhaul providers, and hardware manufacturers to address India’s growing data demand.

The network uses smart contracts to ensure transparent incentive allocation, while its Dabba hotspots (hardware cost $299) enable scalable deployment. The platform solves the challenge of limited internet access in underserved regions, fostering competition and affordability through a fiat-integrated, decentralized model.

Features

• Stakeholder Marketplace: This platform connects diverse participants in a competitive environment. Smart contracts allocate incentives based on contributions like uptime and customer reviews, ensuring transparency.

• Data Credits System: Non-transferable credits allow users to access the Internet. They are created by burning DBT tokens, aligning network usage with economic incentives.

• Scalable Hotspot Deployment: Dabba hotspots enable rapid network expansion, with operators and location owners installing devices to meet growing demand.

• Fiat-to-Crypto Bridge: This bridge enables consumers to pay in fiat for data credits, simplifying adoption while maintaining a token-based economy for providers.

Token

$DBT is the network's native utility token, with a total supply of 10B, of which 4B are pre-mined and distributed to the Dabba Foundation, WiFi Dabba Inc., and Institutional Investors. The remaining 6B tokens will be minted and distributed to the community.

DBT is rewarded to all stakeholders who manage and maintain the network, and tokens are burned as more data is consumed. 

Investors 

2. Acurast

Website | X (Twitter)

Sector: DePIN

Status: Active

Acurast is a decentralized compute network leveraging smartphones’ trusted execution environments (TEEs) and hardware security modules (HSMs) to provide secure, scalable, and private compute, bypassing centralized data centers.

Built on a Proof of Stake blockchain, it orchestrates 65,000+ compute units (phones onboarded) across 130 countries, processes 240 million testnet transactions, and secures $200 million in assets across Bitcoin, Ethereum, and other networks.

Acurast tackles the centralization, cost, and privacy issues of cloud computing, offering a people-powered solution for AI, DeFi, and Web3 applications with transparent billing and verifiable execution.

Features

• Smartphone-Powered Compute: Utilizes 65,000+ phones globally with TEEs for secure, verifiable execution, surpassing centralized servers in trust and decentralization.

• Confidential Execution: Enables private workloads like LLMs and analytics, with hardware checks ensuring data confidentiality and integrity.

• Liquid Matching Orchestrator: Dynamically matches developers’ compute needs with processors’ resources, automating deployment and billing for seamless operation.

• Cross-Ecosystem Support: Powers Web2 functions (e.g., AWS Lambda-like) and Web3 apps across multiple blockchains, enhancing versatility and adoption.

Token

$ACU is the native utility token of the network, with an initial supply at TGE of 1B. Token utility includes transaction fees, staking, settlement currency, and governance. 

Where to Buy the Token?

There is an upcoming sale of $ACU tokens on CoinList from May 15 to May 22, 2025. Six percent of the total supply, or 60M $ACU tokens, will be distributed in the sale, with a minimum and maximum purchase limit of $100 to  $2M. 100% of the sale tokens will be unlocked at TGE.

3. Miden

Website | X (Twitter)

Sector: L2

Status: Testnet

Miden, a Polygon spinout, is an edge blockchain and zero-knowledge (ZK) rollup layer 2 solution live on its testnet. It is designed to scale decentralized applications with public and private transactions.

By shifting execution and state to the client side, Miden uses the ZK-optimized Miden VM and Rust-based smart contracts to enable high-throughput, private applications for payments, DeFi, and gaming, secured by Ethereum and AggLayer.

Miden addresses traditional blockchain scalability, privacy, and computational cost limitations, empowering users with self-custodied state and developer-friendly tools for censorship-resistant dApps.

Features

• Edge Execution: Allows users to execute and prove transactions locally, sending compact ZK proofs to the network for enhanced scalability and privacy.

• Private Accounts: Stores state off-chain with on-chain commitments, giving users full control over data and minimizing network exposure.

• Rust Smart Contracts: This tool supports WebAssembly and Rust for secure, accessible dApp development, and its built-in account abstraction simplifies user experience.

Investors