Helium Mobile, the decentralized wireless network built on Solana, has surpassed 500,000 total sign-ups, marking a significant milestone in its rapid expansion.
The achievement highlights the growing adoption of community-powered telecom infrastructure and signals increasing confidence in decentralized physical infrastructure networks (DePIN).
Helium’s Expanding Reach
Helium Mobile now serves more than 1.2 million daily users through a network of 113,891 hotspots. These community-deployed nodes help offload mobile data from traditional carriers, creating a low-cost, incentive-driven alternative to centralized networks. As of this week, Helium Mobile’s total sign-ups reached 505,505, effectively doubling its user base since May.
According to Dune data, network demand remains strong with daily Helium Data Credits burns consistently hitting $50,000. Helium Data Credit burns for network revenue surpassed $52,000 on October 27, with nearly all of that activity coming from mobile usage. IoT-related burns accounted for only a small fraction at $124, reflecting the dominance of mobile connectivity in the network’s current growth phase.
Unlike crypto platforms that may depend on speculative trading activity, Helium’s revenue stems from real-world usage. Even during downturns in broader crypto markets, Helium continues to generate revenue as long as people use their phones. This makes the network’s income streams comparatively stable and less exposed to shifts in token prices or trading volume.
100% Revenue Allocation Toward $HNT Burns
Every dollar users pay to access Helium’s mobile service is converted under the hood into $HNT, which is then burned to create Data Credits (DCs) at a fixed rate of $0.00001 per DC. These burns permanently remove tokens from circulation, reducing supply in proportion to network activity.
The Helium team confirmed that it is now directing 100% of Helium Mobile subscriber revenue toward $HNT burns. In a recent update, the company stated, “As holders ourselves and active participants in the network, we believe in rising tide actions for token holders at this stage of HNT emissions.”
In addition to daily burns, Helium has initiated automated $HNT buybacks from the open market. The team will execute these through a daily dollar-cost-averaging (DCA) mechanism via Jupiter Exchange, immediately after each daily burn. Core team member Abhay Kumar confirmed the move on X, noting that the buybacks have already begun and can be tracked onchain.
Buybacks and Treasury Expansion
Helium’s latest data from Artemis shows a growing convergence between network fundamentals and token activity. As of October 26, Helium generated $57,900 in fees and $34,500 in daily buybacks while $HNT traded around $2.10. The trend reflects increasing network revenue despite broader market volatility.
In a lively exchange on X, Abhay countered queries about inflationary pressures on the $HNT token by sharing a compelling Dune Analytics chart showing that network revenue burns from decentralized wireless usage have consistently outpaced emissions since late September 2025, leading to net deflation.
The company also announced plans to launch a Digital Asset Treasury (DAT) business to expand its on-chain capital management capabilities. The new unit aims to acquire $HNT through both open market and OTC purchases and deploy it across yield-generating activities that support the network’s long-term sustainability. This initiative is designed to strengthen Helium’s financial alignment with token holders and expand participation among institutional and public market investors.
DePIN’s Broader Growth Momentum
Helium’s success mirrors a wider surge across the DePIN sector. The World Economic Forum projects that decentralized physical infrastructure networks could reach a valuation of $3.5 trillion by 2028. The July 2025 Syndica Solana DePIN report highlighted Helium’s contribution to this trend, noting that Helium Mobile’s on-chain revenue rose for the fifth consecutive month to nearly $400,000, while data offloading accounted for 89% of total activity.
Helium’s growth trajectory continues to set benchmarks within Solana’s DePIN ecosystem. In the past three months alone, Helium generated $4 million in network fees, outpacing other major projects, including GEODNET ($1.3 million) and Akash Network ($729,700).
The network’s grassroots structure, combined with sustainable tokenomics and transparent market activity, positions Helium as a leading example of how decentralized infrastructure can scale beyond early experimentation.
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