peaq

peaq is a layer-one blockchain developed for decentralized physical infrastructure networks (DePIN) and for machine economy applications, in which devices, vehicles and robots can obtain on-chain identities and carry out economic transactions. Built with the Substrate framework, the network is connected to the Polkadot ecosystem and supports smart contracts compatible with the Ethereum Virtual Machine.

The network offers functions that DePIN projects often need, such as machine identities, access control, data verification and payments, as ready-made modules. This lets projects that rely on connected-device data build their own applications without setting up this infrastructure from scratch. The mainnet launched in November 2024. DefiLlama tracks peaq in its chain category as a project with its own network.

The PEAQ token is used for transaction fees, staking and governance; via bridges, it is also available on networks such as Ethereum, Solana, Base and BNB Chain. On Lzzo.com, the peaq price is taken from DefiLlama's US dollar reference data and shown for information.