peaq Price

peaq is a Layer 1 blockchain cryptocurrency designed for Decentralized Physical Infrastructure Networks (DePIN) and machine Real World Assets (RWA). Launched in 2026, peaq aims to revolutionize decentralized infrastructure by providing a robust platform for connecting and monetizing physical devices. With a current price of $0.0189 and a market cap of $2.5M, peaq ranks 1885 among all cryptocurrencies. The token, PEAQ, has a circulating supply of 132.3M PEAQ and a total supply of 4.2B PEAQ. In the past 24 hours, peaq has seen a price change of -5.73%, with a trading volume of $199.99K. The project focuses on enabling the Economy of Things, where machines can autonomously interact and transact, potentially transforming industries like mobility, energy, and IoT. As a relatively new player in the crypto space, peaq is gaining traction for its innovative approach to bridging the gap between blockchain technology and physical infrastructure.

peaq cryptocurrency was created on November 12, 2024. This date marks the official launch of the peaq mainnet, when the PEAQ token became available for trading and use within the network's ecosystem. The launch was a significant milestone for the project, representing the culmination of extensive development efforts and the beginning of peaq's live operations on its own blockchain. Since its creation, peaq has gained traction in the Web3 and DePIN (Decentralized Physical Infrastructure Networks) sectors, offering solutions for machine economy and IoT applications. As of 2026-02-02, peaq has established itself as a notable player in the cryptocurrency market, with a current ranking of 1885 and a price of $0.0189.

The founders of peaq are Max Thake, Leonard Dorlochter, Julia Ponitzsch, Till Wendler, and Pavel Fomenko. They established the company in Berlin, Germany in 2017. These visionaries came together to create a blockchain network specifically designed for the machine economy. Their goal was to develop a decentralized infrastructure that could support the growing ecosystem of connected devices and autonomous machines. Since its inception, peaq has gained significant traction in the Web3 and cryptocurrency space, raising $24.9 million in funding from notable investors such as Scherzer & Co, Fundamental Labs, and Borderless Capital. The founders' diverse backgrounds and expertise in blockchain technology, economics, and software development have been instrumental in shaping peaq's innovative approach to decentralized machine-to-machine interactions and the Internet of Things (IoT).

peaq operates as a Layer 1 blockchain specifically designed for Decentralized Physical Infrastructure Networks (DePINs) and Machine Real-World Assets (RWAs). It boasts impressive transaction processing capabilities, handling over 10,000 transactions per second (TPS) with the potential to scale up to 100,000 TPS following future technological upgrades. peaq aims to create a decentralized economy of things by providing a robust infrastructure for machine-to-machine (M2M) interactions and payments. The network utilizes a Proof-of-Stake consensus mechanism, ensuring energy efficiency and scalability. peaq's native token, PEAQ, plays a crucial role in network governance, staking, and facilitating transactions within the ecosystem. With its focus on the Internet of Things (IoT) and machine economy, peaq is positioned to support various applications across industries such as mobility, energy, and supply chain management. As of 2026-02-02, peaq has a market cap of $2.5M and is trading at $0.0189, showcasing its growing presence in the blockchain space.

peaq utilizes a highly decentralized Layer-1 blockchain architecture with a Nakamoto Coefficient exceeding 130, placing it among the leaders compared to major Layer-0 and Layer-1 blockchains. This ensures robust network security and strong resistance to censorship. The platform is designed to support Decentralized Physical Infrastructure Networks (DePIN), enabling the creation and operation of decentralized machine economies. peaq's technical structure incorporates advanced features for scalability, interoperability, and sustainability, making it well-suited for IoT and AI applications. The network employs a Proof-of-Stake consensus mechanism, which enhances energy efficiency and allows for faster transaction processing. Additionally, peaq's architecture includes smart contract functionality, enabling developers to build and deploy decentralized applications (dApps) on its platform, further expanding its ecosystem and use cases in the Web3 space.

peaq's future looks promising as it approaches its mainnet launch and token listing. The team has completed final preparations, laying a solid foundation for upcoming projects. The roadmap focuses on three key areas: 1. Robust Launch: Ensuring a smooth and secure mainnet deployment, with emphasis on network stability and performance optimization. 2. Ecosystem Growth: Encouraging developers to build on the peaq network by providing comprehensive tools, documentation, and support. 3. Adoption Strategy: Implementing initiatives to drive real-world use cases and partnerships, particularly in the DePIN (Decentralized Physical Infrastructure Networks) sector. In the short term (2027-2028), peaq aims to establish itself as a leading platform for decentralized machine economy applications. The team plans to introduce new features and upgrades to enhance scalability and interoperability. Looking further ahead (2031-2036), peaq envisions becoming a cornerstone of the Web3 infrastructure, facilitating seamless integration between physical devices and blockchain technology. This long-term strategy includes expanding into various industries such as IoT, autonomous vehicles, and smart cities. The peaq team is committed to continuous innovation and community engagement, with regular updates and milestones planned throughout their development journey. As the project evolves, it aims to maintain its position as a frontrunner in the Layer 1 and DePIN categories, driving the adoption of decentralized technologies in everyday life.