Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
DAWN raises $13M to expand decentralized bro
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
DAWN raises $13M to expand decentralized bro
DAWN raises $13M to expand decentralized broadband networks
5 min read
DAWN raises $13M to expand decentralized broadband networks
The decentralized wireless protocol plans U.S. expansion and new international deployments as investors back a user-owned alternative to legacy internet providers.
By Jamie Crawley, AI Boost|Edited by Sheldon Reback
Dec 18, 2025, 3:39 p.m.
Decentralized wireless protocol DAWN raised $13 million in a Series B funding round. (춘성 강/Pixabay, modified by CoinDesk)
What to know:
- DAWN raised $13 million in a Series B led by Polychain Capital.
- The protocol enables individuals and organizations to own and monetize wireless broadband infrastructure.
- New funding will support U.S. growth and international rollouts.
DAWN, a decentralized protocol designed to deliver a multigigabit broadband service owned and operated by users, said it raised $13 million in a Series B funding round led by Polychain Capital.
The money will be used to expand the Solana-based protocol's network coverage across the U.S. and roll out international deployments, according to an announcement shared with CoinDesk on Thursday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
The New York-based project allows individuals and organizations to act as network hosts, deploying wireless nodes that provide internet access. The hosts earn rewards based on coverage quality and demand. The model aims to sidestep the centralized ownership structures that dominate traditional broadband, instead distributing infrastructure ownership to the network edge.
The funding highlights the interest of investors in the introduction of decentralization to real-world services, an approach known as decentralized physical infrastructure (DePIN).
DAWN is not alone in identifying communication as a DePIN application. Another prominent project, Helium, allows users to act as small cellphone sites by installing hot spots. The platform, also built on Solana, expanded to the Brazilian market this month in a partnership with local WiFi provider Mambo.
DAWN reaches over 4 million households in the U.S, while an initial international rollout in Accra, Ghana targets underserved districts where fiber has proven slow and expensive to deploy.
The project also introduced consumer hardware, including its Black Box device, which doubles as a router and a decentralized infrastructure node. The device supports multiple blockchain ecosystems and allows households to participate directly in broadband delivery while earning rewards.
DePINInternetFunding RoundsPolychain Capital
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
PayPal to use PYUSD stablecoin to fund AI infrastructure through USD.AI
The move links PayPal’s dollar-pegged token to onchain funding for GPUs and data centers, supported by a $1 billion customer incentive program.
What to know:
- PYUSD will be used to support USD.AI’s onchain financing for AI infrastructure, including GPUs and data centers.
- A one-year incentive program will offer 4.5% yield on up to $1 billion in customer deposits.
- The development highlights growing demand for programmable dollar settlement as AI infrastructure spending accelerates.
Read full story
Latest Crypto News
Gold, silver shine in debasement trade as bitcoin is left behind
Coinbase shares rise as ‘ambitious expansion’ wins analyst praise
PayPal to use PYUSD stablecoin to fund AI infrastructure through USD.AI
Most Influential: Dennis Porter
Most Influential: Javier Pérez-Tasso
Most Influential: Gilles Roth
Top Stories
Coinbase shares rise as ‘ambitious expansion’ wins analyst praise
Gold, silver shine in debasement trade as bitcoin is left behind
U.S. inflation data surprises, with CPI higher by just 2.7% in November
Trump Media stock surges 25% on merger agreement with nuclear fusion firm TAE Technologies
PayPal to use PYUSD stablecoin to fund AI infrastructure through USD.AI
SoFi unveils the first bank-issued stablecoin for enterprise payments
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Top Altcoins To Hold Before 2026 For Maximum ROI – One Is Under $1!
BlockchainFX presale surges past $7.5M at $0.024 per token with 500x ROI potential, staking rewards, and BLOCK30 bonus still live — top altcoin to hold before 2026.
Share
Blockchainreporter2025/09/18 01:16
UBS CEO Targets Direct Crypto Access With “Fast Follower” Tokenization Strategy
The tension in UBS’s latest strategy update is not between profit and innovation, but between speed and control. On February 4, 2026, as the bank reported a record
Share
Ethnews2026/02/05 04:56
Cryptos Signal Divergence Ahead of Fed Rate Decision
The post Cryptos Signal Divergence Ahead of Fed Rate Decision appeared on BitcoinEthereumNews.com. Crypto assets send conflicting signals ahead of the Federal Reserve’s September rate decision. On-chain data reveals a clear decrease in Bitcoin and Ethereum flowing into centralized exchanges, but a sharp increase in altcoin inflows. The findings come from a Tuesday report by CryptoQuant, an on-chain data platform. The firm’s data shows a stark divergence in coin volume, which has been observed in movements onto centralized exchanges over the past few weeks. Bitcoin and Ethereum Inflows Drop to Multi-Month Lows Sponsored Sponsored Bitcoin has seen a dramatic drop in exchange inflows, with the 7-day moving average plummeting to 25,000 BTC, its lowest level in over a year. The average deposit per transaction has fallen to 0.57 BTC as of September. This suggests that smaller retail investors, rather than large-scale whales, are responsible for the recent cash-outs. Ethereum is showing a similar trend, with its daily exchange inflows decreasing to a two-month low. CryptoQuant reported that the 7-day moving average for ETH deposits on exchanges is around 783,000 ETH, the lowest in two months. Other Altcoins See Renewed Selling Pressure In contrast, other altcoin deposit activity on exchanges has surged. The number of altcoin deposit transactions on centralized exchanges was quite steady in May and June of this year, maintaining a 7-day moving average of about 20,000 to 30,000. Recently, however, that figure has jumped to 55,000 transactions. Altcoins: Exchange Inflow Transaction Count. Source: CryptoQuant CryptoQuant projects that altcoins, given their increased inflow activity, could face relatively higher selling pressure compared to BTC and ETH. Meanwhile, the balance of stablecoins on exchanges—a key indicator of potential buying pressure—has increased significantly. The report notes that the exchange USDT balance, around $273 million in April, grew to $379 million by August 31, marking a new yearly high. CryptoQuant interprets this surge as a reflection of…
Share
BitcoinEthereumNews2025/09/18 01:01