Image showing cross-chain swap between Ethereum (ETH) and Peaq (PEAQ) tokens on RocketX Exchange with a dark background.

Introduction

Blockchain technology is advancing rapidly, with increasing demands for scalability, security, and efficiency. Amidst this evolution, Peaq Network emerges as a powerful Layer 1 blockchain designed to bridge digital and physical infrastructures. Launched in 2024 by Till, Leo, and Max, Peaq focuses on supporting Decentralized Physical Infrastructure Networks (DePINs) with fast, secure transactions capable of handling over 10,000 transactions per second (TPS). The network’s scalability roadmap even promises to exceed 100,000 TPS in the future.

This guide explores Peaq Network, how it works, its unique features, and the role of the PEAQ token. Additionally, we’ll walk you through how to buy PEAQ tokens or bridge assets to Peaq Network seamlessly using RocketX Exchange.

What Is Peaq Network?

Peaq Network is a high-performance Layer 1 blockchain optimized for DePINs and Machine Real World Assets (RWAs). Built using Substrate and Ethereum-compatible technology, it aims to facilitate secure and scalable transactions for interconnected devices, autonomous systems, and decentralized applications (dApps).

Unlike traditional blockchains that focus mainly on financial applications, Peaq network extends its capabilities to real-world infrastructures, including mobility networks, energy systems, and IoT devices. It also features interoperability with over 90 blockchains via LayerZero connections, making it a versatile choice for developers and enterprises alike.

Key Features of the Peaq Network

Here are the main features of the Peaq Network, showcasing its scalability, interoperability, and cost-efficiency for Decentralized Physical Infrastructure Networks (DePINs). These features highlight how Peaq bridges digital and physical assets seamlessly.

  • High Scalability and Low Transaction Costs: Peaq’s architecture allows it to handle 10,000 TPS at launch, with a clear path to scale beyond 100,000 TPS through upgrades. The network’s transaction costs are minimal—approximately $0.00025—making it an affordable solution for both developers and users.
  • EVM and WASM Compatibility: Peaq supports both EVM (Solidity) and WASM (Rust) smart contracts, offering developers flexibility in deploying dApps. Its Ethereum compatibility ensures seamless migration for existing dApps without significant code modifications.
  • Modular DePIN Functions: Peaq offers a comprehensive suite of ready-to-use Modular DePIN Functions, including self-sovereign machine IDs, data verification, payment processing, and autonomous AI agents. These functions simplify the development of DePINs and dApps, enabling faster deployment and enhanced functionality.
  • Cross-Chain Interoperability: Peaq’s bridges enable seamless cross-chain transactions with over 30 blockchains, including Ethereum, Cosmos, Solana, and Binance. This interoperability not only expands liquidity but also simplifies asset transfers across different networks.
  • Environmentally Friendly Architecture: Peaq is built on one of the most eco-friendly blockchain architectures, focusing on reducing its carbon footprint while maintaining high performance and security standards.

How Peaq Network Works

Peaq Network’s architecture is designed for speed, security, and efficiency, making it a reliable choice for decentralized applications and infrastructure networks.

Staking and Governance

Peaq operates on a staking-based consensus model to ensure decentralization and prevent censorship. Validators on the network are required to stake PEAQ tokens to secure the blockchain and earn rewards. In addition, these validators participate in governance by voting on key decisions and protocol upgrades. Regular users can delegate their tokens to trusted validators, allowing them to contribute to network security and participate in governance decisions indirectly.

Modular DePIN Functions Simplified

Peaq’s pre-built Modular DePIN Functions make it easy for developers to build Decentralized Physical Infrastructure Networks. These modules handle complex tasks such as:

  • Secure Machine IDs: Assigns verifiable identities to IoT devices.
  • Payment Processing: Facilitates peer-to-peer payments between machines.
  • Data Verification: Ensures the authenticity and accuracy of data.
  • Autonomous AI Agents: Capable of executing smart contracts based on specific conditions.

This modular approach simplifies the development process, reducing the time and resources required to deploy sophisticated dApps and DePINs.

Cross-Chain Bridges for Seamless Interoperability

Peaq’s cross-chain bridges enable smooth and secure asset transfers between Peaq and other major blockchains. This feature not only enhances liquidity but also allows users to access diverse ecosystems seamlessly. The ability to interact with over 30 blockchains makes Peaq a highly connected and versatile solution.

PEAQ Token: The Core of the Peaq Network

The PEAQ token is the native utility asset of the Peaq Network, playing a vital role in transactions, governance, and network security.

PEAQ Tokenomics

  • Total Supply: 4.24 billion PEAQ
  • Circulating Supply: 695.89 million PEAQ
  • Market Cap: Approximately $112.43 million
  • Price: $0.1615 per token

The PEAQ token’s supply is strategically managed to align with the network’s growth and adoption. This phased unlocking approach helps prevent inflation and ensures a balanced token economy.

Utility of PEAQ Token

  • Transaction Fees: PEAQ tokens are used to pay transaction fees on the network, ensuring smooth and cost-effective operations.
  • Staking and Governance: Validators stake PEAQ tokens to secure the network and earn rewards. Token holders can also vote on protocol upgrades and key decisions.
  • Incentives for DePINs: PEAQ tokens are used to reward machines and builders that contribute to the network.

Inflation Model for Sustainable Growth

Peaq employs a disinflationary model to manage its token supply effectively. The inflation rate starts at 3.5% and decreases by 10% annually until it stabilizes at 1%. Newly minted tokens are allocated to different treasury pools, including:

  • Validators and Delegators: 40%
  • Security Treasury: 10%
  • General Treasury: 25%
  • DePIN Treasury: 20%
  • Machine Subsidization Treasury: 5%

This model balances the need to incentivize early adopters while ensuring long-term sustainability.

Future Potential of PEAQ Token

The PEAQ token holds significant growth potential due to its extensive use cases and the rapid expansion of the Peaq ecosystem. With over 50 DePINs live and a projected TVL of over $3 billion, demand for PEAQ is expected to rise. Strategic partnerships with industry leaders like Bosch, Mastercard, and Airbus further bolster its growth prospects.

However, potential investors should consider market volatility and competition from other Layer 1 and Layer 2 networks. Conducting thorough research is essential before investing in PEAQ tokens.

How to Buy PEAQ Tokens or Bridge to Peaq Network Using RocketX

Buying PEAQ tokens or bridging assets to the Peaq Network is simple and efficient with RocketX Exchange. Follow this step-by-step guide to get started:

Step 1: Visit RocketX Exchange
Head to the official RocketX Exchange website to begin the process.

Step 2: Connect Your Wallet
Click “Connect Wallet” on RocketX Exchange and choose a wallet based on your network. For EVM-compatible networks, use MetaMask, Trust Wallet, or OKX Wallet. For Cosmos, try Keplr; for Solana, use Phantom. Ensure your wallet is funded and connected properly.

Step 3: Select Networks
In the “From” section, choose the blockchain and token you want to swap, such as ETH, BNB, or USDT.
In the “To” section, select the PEAQ token on Peaq Network as your destination.

Step 4: Enter Swap Amount
Specify the amount of PEAQ tokens you want to purchase or the crypto amount you wish to bridge. RocketX will automatically find the best exchange rates for your swap.

Screenshot of RocketX Exchange showing a cross-chain swap interface for exchanging Ethereum (ETH) to PEAQ tokens with detailed pricing and fee information.

Step 5: Review & Confirm

Check the transaction details, fees, and estimated tokens before confirming.

Step 6: Approve & Complete Transaction

  • Click on Cross-Chain swap and approve the request in your wallet.
  • Wait for the transaction to process.

Step 7: Receive Your Tokens

Once successful, Your tokens will be credited to your connected wallet.

Swap ETH to PEAQ Token Now

Best Wallets for Storing PEAQ Tokens

Storing your PEAQ tokens securely is essential for participating in the Peaq Network’s ecosystem. Here are some of the best wallet options for managing and safeguarding your PEAQ tokens effectively:

MetaMask: MetaMask is a widely used browser extension wallet that supports EVM-compatible networks, including Peaq. It offers a simple interface for managing PEAQ tokens and accessing decentralized applications (dApps) directly from your browser.

Ledger: For those seeking maximum security, Ledger hardware wallets are a top choice. By keeping your private keys offline, Ledger devices like the Ledger Nano S and X ensure your PEAQ tokens are protected from online threats.

Safe (formerly Gnosis Safe): Safe is a multisignature wallet designed for enhanced security and governance. It allows multiple approvals for transactions, making it an excellent choice for organizations and users managing substantial amounts of PEAQ tokens.

TokenPocket: TokenPocket is a versatile mobile and desktop wallet that supports PEAQ tokens. It provides seamless access to dApps and cross-chain functionalities, making it a convenient option for active users.

Nova Wallet: Built specifically for the Polkadot ecosystem, Nova Wallet is a mobile-friendly option for managing PEAQ tokens. It offers staking features, real-time data, and a user-centric interface, making it a solid choice for Polkadot and Peaq Network users.

Choosing the right wallet depends on your security needs and how you interact with the Peaq ecosystem. For long-term storage, hardware wallets like Ledger offer the best security, while software wallets such as MetaMask and TokenPocket are ideal for regular transactions and dApp interactions.

Conclusion

Peaq Network is redefining how decentralized infrastructure networks operate with its scalable architecture, EVM compatibility, and well-designed tokenomics model. Its focus on fast, secure, and cost-effective transactions makes it a promising platform for the future of Web3 applications.

For those interested in buying PEAQ tokens or bridging assets, RocketX Exchange provides a simple and efficient solution. Trade smarter with RocketX—your gateway to seamless cross-chain transactions! 🚀