DAWN raises $13 million in funding to accelerate the development of decentralized broadband ecosystem

In the Solana ecosystem, the decentralized wireless network project DAWN, which has gained prominence, announced the completion of a $13 million Series B funding round led by Polychain Capital. This significant financing marks a solid step forward for DAWN in building alternative internet infrastructure.

According to public information, the DAWN team is headquartered in New York. The funds from this round will mainly be used for two purposes: first, to expand broadband network coverage within the United States; second, to advance international market expansion plans.

DePIN Track heats up, DAWN goes against the trend

Along with the continued enthusiasm for the physical layer infrastructure tokenization (DePIN) concept in the crypto community, DAWN is working to develop a competitive solution. Unlike traditional internet service providers (ISPs) with a centralized model, DAWN aims to leverage blockchain technology and incentive mechanisms to involve ordinary users in the construction and maintenance of network infrastructure.

The advantage of this model lies in reducing user costs, increasing network transparency, and creating new earning opportunities for participants. In a context where global broadband services still have coverage blind spots, DAWN offers users new options.

Ambitions behind the funding

It is reported that Polychain Capital’s investment in DAWN reflects institutional investors’ optimistic attitude towards the DePIN track. This funding enables DAWN to accelerate infrastructure deployment, optimize user experience, and attract more participants to join the ecosystem.

DAWN’s technical foundation on the Solana chain also provides cost advantages—compared to other public chains, Solana’s high throughput and low fee characteristics make large-scale user participation possible.