Hey crypto fam, big news dropped recently on X from DefiLlama—they're now officially tracking Peaq, a cutting-edge Layer-1 blockchain that's all about revolutionizing the Machine Economy. If you're into DeFi analytics or exploring new chains that could spark the next wave of innovative projects (including potential meme tokens with real utility), this is worth paying attention to.

Understanding the Announcement

In a concise post on September 10, 2025, DefiLlama shared: "Now tracking @peaq. peaq is a Substrate-based, EVM-compatible Layer-1 blockchain for the Machine Economy, optimized for DePINs with modular on-chain device functions, high throughput scalability, and hybrid DPoS/NPoS consensus." You can check out the original thread here.

For those new to the scene, DefiLlama is like the ultimate dashboard for DeFi metrics. It aggregates data on total value locked (TVL), trading volumes, and more across hundreds of blockchains and protocols. Adding Peaq to their tracking list means users can now monitor Peaq's DeFi ecosystem in real-time, spotting trends, TVL growth, and protocol performance right alongside giants like Ethereum or Solana.

What Makes Peaq Stand Out?

Peaq isn't your average blockchain—it's purpose-built for the "Machine Economy," a concept where machines, devices, and vehicles operate autonomously on the blockchain, earning and spending crypto without human intervention. Think self-driving cars paying for charging stations or robots coordinating deliveries, all decentralized.

At its core, Peaq is:

• Substrate-based: Built using Parity's Substrate framework, which allows for customizable blockchains (the same tech behind Polkadot).
• EVM-compatible: This means developers can easily port Ethereum smart contracts over, lowering the barrier for building dApps.
• DePIN-Optimized: DePIN stands for Decentralized Physical Infrastructure Networks, where real-world hardware like sensors or networks is tokenized and managed on-chain. Peaq provides modular functions for devices, making it easier to integrate IoT (Internet of Things) with blockchain.

Diving deeper from Peaq's official site, it's already the largest DePIN ecosystem with over 3 million on-chain machines, more than 60 DePIN projects in development, and influence across 22 industries like mobility, energy, and connectivity. It's super decentralized (Nakamoto coefficient over 130, beating out many major chains), scalable (targeting 100,000 transactions per second via Elastic Scaling), and eco-friendly with sustainable architecture.

Peaq's Token and Metrics

The native token is $PEAQ, which powers the network's economy, governance, and staking. As of recent data, $PEAQ is trading around $0.067 with a market cap of about $78.75 million and a fully diluted valuation of $288 million. On DefiLlama's Peaq page, key stats include a 24-hour DEX volume of $388,794 (up to $1.15 million over seven days), 24-hour app fees of $2,552, and a weekly change of +37.57% in metrics—showing early growth momentum.

While TVL specifics are still emerging (as it's a fresh addition), this tracking will help reveal how Peaq's DeFi scene evolves, from liquidity pools to yield farming opportunities.

Why This Matters for Meme Token Enthusiasts and Blockchain Builders

At Meme Insider, we love spotting how new tech can fuel the next big meme wave. Peaq's focus on real-world utilities through DePIN could open doors for meme tokens with a twist—imagine community-driven projects tokenizing quirky devices or machines, blending humor with practical value. New Layer-1s like this often attract experimental devs, and with EVM compatibility, it's primed for quick launches of fun, viral tokens.

For broader blockchain practitioners, this integration boosts transparency. DefiLlama's data helps you analyze risks, compare chains, and discover undervalued gems in the Machine Economy space. If you're building or investing, keep an eye on Peaq's growth—it could be the next hub for DePIN innovations that intersect with meme culture.

Stay tuned for more updates, and if you've got thoughts on Peaq's potential, drop them in the comments below! 🚀