Helium's IoT Network has received many exciting upgrades alongside the Solana migration.
Firstly, the IOT token is live! IOT is the Helium IoT Network's token, as specified by HIP 52. The IOT token, like Helium's MOBILE token, is redeemable for HNT stored in the Helium IoT Network's Treasury but can also be used for governance on the IoT Network.
The community's IoT Proof-of-Coverage Working Group has broadened its scope to cover everything related to the Helium IoT subnetwork. Anyone wishing to listen to group calls can tune in every Monday at 1 PM PT in the Helium Discord.
Helium's OpenLNS initiative opened the gates for network operators by allowing any LoRaWAN Network Server (LNS) compliant with LoRaWAN specifications to be compatible with the Helium IoT Network. Several new Helium LNS operators have jumped in to provide Helium-compatible LNS services in Q2, including BrDOT, Deutsche Telekom's IoT Creators, MeteoScientific, and Qnectd. With these new ecosystem additions, sensor users and businesses powered by Helium now have more choices than ever before when it comes to selecting a turnkey connectivity platform on the Helium IoT Network. With these new providers come new features. Do you want to add an IoT device directly to your Datacake account to quickly and easily visualize data? Now you can through Datacake 's integration with IoT Creators. To see an ever-growing list of Helium-compatible LNS providers, head to the Helium Docs!
The IoT engineering company Oxit also made headlines by partnering with the Helium Foundation to create IoT hardware capable of connecting to both the Helium IoT Network and Amazon Sidewalk, a low-power network built by Amazon home devices like the Echo smart speaker. These devices will offer builders and businesses even more options and reliability regarding how they choose to connect IoT hardware to the Internet.
The Helium IoT network is rapidly growing in new use cases and users, thanks to the Helium community's commitment to improving the network user experience. The ultimate goal of the Helium Network is to increase network usage, and both the Helium Community and the Helium Foundation are actively working to onboard more sensors and businesses with great enthusiasm.
The Helium IoT network grew in the new use cases and network users during Q2 as the Helium community and Helium's core developers continue to put forward quality-of-life improvements to the network user experience. Here are some of the things that we're watching.
IoT Network Growth Metrics
Since the Solana migration, additional statistics are now available to the Helium Network and the community. Going forward, you will see many new metrics on Helium Foundation Protocol Reports. One of these metrics, active Hotspots, is estimated below from Helium Oracle reporting. This is the number of online and active Hotspots on the Helium IoT Network, which more accurately represents the number of Hotspots providing coverage at any time on the Helium Network.
Helium coverage remains comprehensive and robust, with over 400,000 online Hotspots reported at the end of Q2 2023. Over 850 million people currently live within 2 kilometers of an active Helium Hotspot. Over 60% of the United States population lives within 2 km of an active Helium Hotspot, and this number reaches above 90% in many smaller European countries. Helium's IoT network can provide coverage for over 10 km from a Hotspot under ideal conditions, so the actual coverage population is likely to be even greater.
Network Usage & Performance
With the OpenLNS initiative, the Helium community and the Helium Foundation have been pushing to onboard new businesses that provide LNSes for Helium IoT device deployers. Since the Solana migration, eight new Helium LoRAWAN OUI addresses, each representing a new LNS provider, have been onboarded onto the Helium Network, including providers such as the community-grown MeteoScientific, which offers a permissionless Helium Console and offers a data visualization service so that users can easily see their sensor data. We're incredibly excited to see more businesses jump into providing Helium services. As these businesses ramp up, you can see them ramp up their Helium Data Credit in real-time.
Since the Helium Foundation Console is meant for testing and development purposes only, we have excluded Helium Foundation Console usage from the metrics below.
Want your IoT Console business listed in future Protocol Reports metrics? You can associate your Console OUI with your business's name on Github! Reach out to [email protected] if you need assistance.