Layer 1 · Nominated Proof of Stake · Live since 2024
peaq
PEAQ
peaq is a DePIN Layer 1 built on Substrate for connecting vehicles, robots, and devices on chain. Its native token, PEAQ, pays fees and secures the network.
peaq is a Layer 1 blockchain purpose-built for Decentralized Physical Infrastructure Networks, the category known as DePIN. Here is how it works and what it is used for, not the price.
Total value locked (DeFi)
n/a
Value locked in DeFi protocols on peaq. Updated Jun 8, 2026. Source: DefiLlama.
peaq is built with Substrate and runs as a parachain that shares security with the Polkadot relay chain. Validators produce blocks roughly every 6 seconds under a delegated proof-of-stake model, while nominators back validators with staked PEAQ. Token holders who stake help secure the chain and earn rewards in return.
Consensus: Delegated / Nominated Proof of Stake
peaq is built with Substrate and runs as a parachain that shares security with the Polkadot relay chain. Validators produce blocks roughly every 6 seconds under a delegated proof-of-stake model, while nominators back validators with staked PEAQ. Token holders who stake help secure the chain and earn rewards in return.
DePIN focus
The chain is designed for physical infrastructure projects, where real-world hardware like sensors, vehicles, and energy devices connect to and transact on chain.
Machine identity
peaq provides native functions for machine self-sovereign identity and access control, so individual devices can be addressed and authorized on chain.
Substrate and EVM
Built on Substrate with the Frontier compatibility layer, peaq supports both Solidity EVM contracts and Rust-based ink! contracts.
PEAQ token
PEAQ is the native asset used to pay transaction fees, stake for network security, and vote on governance proposals.
peaq is a Layer 1 blockchain built on Substrate and secured as a Polkadot parachain. It is purpose-built for DePIN projects that connect real-world machines and devices on chain.
What is the PEAQ token used for?
PEAQ is the native token. It pays transaction fees, is staked to help secure the network, and is used for on-chain governance voting.
What consensus does peaq use?
peaq uses a proof-of-stake model that combines delegated proof of stake for block production with nominated proof of stake for validator backing, inherited from its Polkadot and Substrate foundations.
Is peaq compatible with Ethereum tools?
Yes. Through the Frontier compatibility layer, peaq supports EVM smart contracts written in Solidity, alongside Rust-based ink! contracts.
Can I hold PEAQ in the Zypto App?
Not yet. PEAQ isn't in Zypto App at the moment. You can hold it in any self-custodial wallet, and you can ask us to add peaq using the "Request peaq" button above.
