Thoughts on $PEAQ PEAQ is a L1 for DePIN Networks. They provide end-to-end infrastructure to bootstrap and run a DePIN Network—no other infrastructure comes close to them in terms of the dev tooling they provide, the network effect they've created, and the growth numbers they've achieved so far. That’s a positive for $PEAQ. $PEAQ has multiple utilities: gas fees token, staking, and governance—which is another positive. The current inflation rate is around 3.5%, of which 40% goes to validators and the rest to different treasuries. The inflation will decrease by 10% every year, eventually settling at 1% in a few years. 34% of the supply has been allocated to investors, which is significantly higher compared to the benchmark set by the VC Printer Dashboard at 17.5%. I couldn’t find a vesting schedule for investors in their docs—I anticipate it could follow the standard template: a 12-month cliff, followed by two years of vesting. The current market cap is $100M, but the circulating supply will triple in 12 months. So, even with a stable price at the current level, the market cap could reach $300M—something to note if you’re planning to buy. A better way to track $PEAQ would be to consider its FDV, which is around $1B right now. Top players like Grass and ATH are trading around $3B. The only speculative premium on $PEAQ would be the community driving the marketing efforts to build hype around Peaq Ecosystem in the current environment. I see some cult-like behavior in $PEAQ, as they’ve been building the foundation for the past two years before the token launch. The emotional depth is there, but now it all comes down to the market cap ceiling for the DePIN category. $PEAQ is a top project in its category with solid traction and decent community formation, but heavy VC exposure. So, manage your risk accordingly.