peaq
PEAQ
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
PEAQ presents a fundamentally capable Layer-1 network targeted at the DePIN and machine economy ecosystem. Active development is strong (7.5/10), evidenced by continuous multi-repo output in Rust/Substrate, active SDK development, and 2026 shipping milestones like peaqOS Monetize and Virtuals AI agent integration. Team and governance (7.5/10) benefit from an experienced, public founding team operating since 2017 with no history of exploits or defaults, though on-chain voting power remains relatively centralized. Security and audit track record (7.5/10) is solid, featuring formal audits from Hashlock across staking and frontend contracts, a proactive vulnerability remediation via SRLabs, an active CertiK bug bounty, and no recorded protocol exploits. Tokenomics (6.5/10) follow a disinflationary model starting at 3.5% down to a 1% floor, though unlock pressure and foundation concentration represent standard Layer-1 dilution risks. Market and use case (6.8/10) are anchored by live cross-chain utility and listings on tier-1/tier-2 venues, though tempered by a ~63% 1-year drawdown and moderate liquidity. Community support (4.0/10) is the weakest area, marked by low social volume and concentrated on-chain holder distribution. No qualifying red-flag events or data gaps were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About peaq (PEAQ)
peaq (PEAQ) is a Substrate-based Layer-1 blockchain operating within the Polkadot ecosystem, designed for Decentralized Physical Infrastructure Networks (DePIN) and the machine economy. Co-founded in 2017 by Max Thake, Leonard Dorlochter, Till Wendler, Julia Ponitzsch, and Pavel Fomenko, the project launched its token in May 2024. The network provides chain-neutral infrastructure and coordination tools, such as peaqOS, to support connected devices, IoT hardware, and autonomous agents.
The PEAQ token is the native utility asset utilized for network transaction fees, staking, and prospective on-chain governance parameters. The network operates with an initial genesis supply of 4,200,000,000 PEAQ under a disinflationary issuance schedule that starts at an annual rate of 3.5% and tapers toward a 1% floor, with vesting managed via on-chain smart contract precompiles. Protocol development is conducted in Rust and Substrate, supported by software development kits such as a Python SDK and planned product integrations including peaqOS Monetize and Virtuals AI agent pairing.
From a risk and market standpoint, PEAQ has experienced an approximate 63% 1-year price drawdown alongside ongoing supply inflation and scheduled token unlocks. On-chain analysis reflects concentrated token holdings across wrapper contracts and low community engagement. The protocol has engaged Hashlock for smart contract audits and maintains a security collaboration with Security Research Labs (SRLabs), which proactively identified and patched a network-disruption vulnerability before it could be exploited. Core governance and network parameters remain subject to foundation management and concentrated voting power.