Searching for Alpha: peaq

peaq is a layer 1 (L1) blockchain built with Substrate optimized for decentralized physical infrastructure networks (DePIN). It is a Polkadot parachain from July 31, 2023, to June 5, 2025, after winning the parachain auction 45.

DePIN refers to networks that utilize tokens as a means to incentivize the creation of interconnected real-world physical infrastructures, and peaq claims to be able to handle over 10,000 transactions per second (TPS) with near-negligible transaction costs for these networks.