Helium's decentralized wireless network demonstrated robust performance in Q3 2025, with annualized revenue hitting $18.3 million and its native token, HNT, climbing 7.8% in price. This growth was driven by increased network utilization, including a 196.6% quarter-over-quarter surge in daily Data Credit burns, reaching $30,920, and a 57.3% jump in mobile paid traffic to 32.4 terabytes per day.
The migration to Solana earlier in 2025 enhanced scalability and user experience, contributing to over 8.5 petabytes of data processed by hotspots and 1.2 million daily unique mobile device connections. Strategic initiatives like the HIP 147 proposal increased rewards for data-transferring hotspots from 40% to 60%, while the third halving event under HIP-20 reduced annual emissions from 15 million to 7.5 million HNT, tightening supply.
Further strengthening token value, Helium repurchased 5.7 million HNT tokens from an early investor and committed to greater transparency in off-chain revenue reporting. The circulating market cap rose 9.1% to $453.9 million, with HNT price moving from $2.26 to $2.44, reflecting growing confidence in Helium's position within the DePIN sector.
