Peaq Launches on Solana with 3.3 Million Machines Bonding Tokens

Peaq has officially launched its PEAQ token on the Solana blockchain, achieving canonical status through Wormhole Labs' Sunrise gateway. This development coincides with the introduction of Peaq's Economics 2.0 model, which went live on September 7, 2026. Under this new framework, approximately 3.3 million machines are set to bond PEAQ tokens, linking token demand directly to real-world device activity rather than speculative trading.

The Economics 2.0 model shifts the operational paradigm for machine operators, who are now required to lock up PEAQ tokens as collateral instead of paying a flat activation fee. While activations are priced in U.S. dollars, they are settled in PEAQ tokens. Notably, when a machine exits the network, half of its bonded tokens are permanently burned, creating a deflationary pressure on the token supply.

Peaq aims to activate 1 million machines within the first week of the new model's launch. The network currently supports over 60 Decentralized Physical Infrastructure Network (DePIN) projects, encompassing a range of connected devices from energy meters to mobility hardware. Since its mainnet launch in November 2024, the adoption of Peaq has rapidly expanded within this ecosystem.

The Sunrise gateway enhances the liquidity and distribution of PEAQ tokens, ensuring that they are recognized as the official representation of the asset on Solana. This integration allows users to access PEAQ directly through popular wallets and swap aggregators, facilitating seamless transactions. The new bonding model introduces operational necessity as a key driver of token demand, fundamentally altering the economic landscape for machine operations on the network.

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Source: KLEA News