Glow Protocol Generates $1.6 Million in On-Chain Revenue, Triples Carbon Credits

Sep 26, 2024, 02:17 PM

Glow Protocol has achieved a significant milestone by generating $1.6 million in on-chain revenue in a single day, marking possibly the highest on-chain revenue ever collected by a Decentralized Physical Infrastructure Network (DePIN) in one day. The protocol's success is attributed to its innovative approach of integrating solar farms, which has tripled its carbon credit production, equating to the carbon impact of 60,000 adult trees. The revenue and environmental benefits are expected to continue growing, potentially reaching similar daily figures within a year. Glow's model contributes carbon credits to the protocol permanently, adding value to the GLW token. The project is gaining momentum and expanding its impact globally, with recent developments in India.