Evolution of Usage on the Helium IoT Network

In an article written in 2022, following an unwarranted and poorly executed attack that reduced the value of the Helium network to the nascent consumption of data, erroneously overvalued at $6600, I began monitoring the usage of the network over the months.

To give some context, Helium is a DAO governing the operation of several networks: LoRaWan (IoT), CBRS (4/5G), and WiFi. A DAO is a distributed organization using blockchain to govern its operational processes. This project is one of the pioneers of what we now call DePIN (Decentralized Physical Infrastructure Networks), which bridge the virtual world of blockchain with the physical world around us and generally translate into service offerings consumable in the traditional economic circuit, competing with equivalent services in the traditional economy.

Helium is the largest deployed LoRaWan network in the world. It is used for roaming by numerous telecom operator networks and natively by many companies deploying fleets of connected objects. For my part, since 2021, I have been the first to provide commercial and open access to individuals and businesses to this network to connect their objects, through the service Helium IoT Console delivered by IngeniousThings. For this reason, I pay particular attention to monitoring usage on the IoT network.

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