Helium (HNT) saw a 7% price rise in the last 24 hours, trading at $3.74, amid a broader cryptocurrency downturn. This surge follows the Helium Foundation’s announcement on July 3 about the HIP-128 proposal for an ENERGY subnetwork.
Founded in July 2019, Helium connects low-powered wireless devices via a decentralized network. The new ENERGY subnetwork aims to reward users for solar energy production and battery storage. This initiative could empower homeowners to participate in energy markets traditionally controlled by centralized companies.
HNT’s trading volume jumped 34% to $12.2 million, with a market cap of $601 million. The ENERGY subnetwork offers dual rewards for existing Helium Hotspots, enhances grid stability, and promotes green energy practices.
This expansion into renewable energy could boost Helium’s utility and market reach, supporting long-term sustainability and carbon footprint reduction.
