$SHDW Leads Solana DePIN as GenesysGO Launches shdwDrive v2

Solana’s OG DePIN protocol takes on Big Tech, bringing affordable, decentralized storage to the masses.

Published: Dec 23, 2024 at 14:20
Edited: Dec 23, 2024 at 14:24

After months of eager anticipation, GenesysGo, one of Solana’s oldest DePIN providers, has launched its flagship product. shdwDrive v2.

Going head to head with Cloud Computer giants like Amazon and Google, GenesysGo’s shdwDrive v2 aims to reinvent how we manage our data while providing users and operators with generous rewards.

What is shdwDrive v2 and how can users reclaim data sovereignty in the age of centralized tech giants?

SdhwDrive v2 Goes Live

Solana OG GenesysGo has successfully launched shdwDrive v2, an innovative DePIN platform offering a distributed alternative to data storage.

Leveraging shdwDrive v2, users can contribute unused storage space on their mobile devices to the shdwDrive protocol. In return for providing affordable decentralized storage, these node operators help to disrupt extortionate Big Tech monopolies while earning crypto rewards.

On top of tackling centralized and expensive data storage, shdwDrive v2 empowers users to make the most of their devices. Network participants can transform their mobile phones into decentralized storage nodes, turning unused storage space into a revenue-generating asset.

shdwDrive v2 is powered by $SHDW, the native token of the GenesysGo ecosystem. By staking $SHDW, holders are able to claim storage capacity and earn user fees. The baseline for node operation begins at 3,500 $SHDW, currently valued at around $2,170.

The shdwDrive v2 application is currently only available on Android devices via an APK on the official GenesysGo Github. The application is expected to roll out to Google Play and the Solana dApp store in the coming weeks.

$SHDW Leads DePIN Coins in December

One of Solana’s oldest DePIN projects, $SHDW enjoyed a meteoric rise ahead of the shdwDrive v2 launch.

Opening December trading at $0.47, $SHDW surged as high as $1.22 on December 17, marking a 159% increase based on Step Finance analytics. Despite this bullish move, $SHDW couldn’t avoid bearish forces in the wider crypto market. Amidst a market-wide downturn, $SHDW has struggled to find support and is currently trading hands at $0.61.

SHDW price

In spite of volatile market conditions, $SHDW has shown plenty of resilience. GenesysGo’s native token leads all Solana DePIN projects, currently up 57.24% on a monthly timeframe.

Protocol	Price Change (30D)
Shadow ($SHDW)	57.24%
Hivemapper ($HONEY)	30.09%
Helium ($HNT)	13.74%
Grass ($GRASS)	11.75%
io.net ($IO)	10.49%
Render ($RENDER)	-8.71%

$SHDW relative strength in weak markets indicates strong buyer demand moving into the new year. With DePIN touted as a sector to watch in 2025 and Solana Seeker shipments expected in Q1, the mobile-first shdwDrive v2 application is well-positioned to witness adoption from Solana’s vast mobile community.