In 2023, the Helium (HNT) cryptocurrency and its associated ecosystem underwent several significant developments. These changes affect the decentralized blockchain that powers The People’s Network. Its overall focus lies on 5G Internet-of-Things (IoT) projects. Here’s a breakdown of five significant developments for Helium in 2023:

Migration to Solana Blockchain

In April 2023, Helium made a pivotal move by migrating from its blockchain to the Solana blockchain. This transition was significant because it enhanced Helium’s scalability and efficiency, which are critical in supporting its expansive network of IoT devices.

Increased Market Performance

Helium’s HNT token witnessed a notable increase in its market performance, particularly in December 2023. The price of HNT gained by 500% over the year, demonstrating a robust uptick in investor confidence and market demand for the token.

Expansion into the Mobile Sector

A key strategic development for Helium in 2023 was its foray into the mobile sector. This expansion played a crucial role in significantly appreciating HNT’s value. 

It opened up new avenues for network utilization and token utility within the mobile communications domain.

Helium Wallet Launch and MosoLabs

The Helium Foundation launched the Helium Wallet, an application that allows users to manage their tokens and control their hotspots. Following the wallet launch, the foundation also announced the initiation of MosoLabs. That firm focuses on developing Helium 5G network products.

Helium as a “Network of Networks”

After the Helium Improvement Proposal 51 (HIP-51) approval, Helium is working towards becoming a “network of networks”. This implies scaling the network to support new users, devices, and networks like cellular, VPN, WiFi, and LPWAN. This development is crucial as it signifies Helium’s ambition to expand beyond its current capabilities and cater to broader technological needs.

These developments in 2023 reflect Helium’s dynamic evolution and highlight the growing interest and potential of blockchain technology in the IoT and mobile sectors. As Helium continues to evolve and expand its capabilities, it remains an intriguing project in the crypto and blockchain space.

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