Helium Mobile, the decentralized wireless (DePIN) network built on Solana, has reached a significant milestone in its expansion, surpassing 500,000 total sign-ups. This feat, which doubles its user base since May, underscores the growing adoption of community-driven telecommunications infrastructure. Currently, the network services over 1.2 million daily users via 113,891 community hotspots.
Helium Mobile’s growth is not just in users, but in real-world usage. Unlike speculative platforms, its revenue comes from real-world mobile data use. According to data from Dune, the daily burn of Data Credits (payments for service) reached $50,000, with revenue surpassing $52,000 on October 27. This demand is generated almost entirely by mobile usage, demonstrating a stable revenue stream independent of the broader crypto market volatility.
New Tokenomics: Total Burn and Daily Buybacks
To bolster this growth, the Helium team confirmed a key change in its tokenomics: it now directs 100% of Helium Mobile subscriber revenue to the $HNT burn. Every dollar paid by users is converted into HNT and burned to create Data Credits (DC), permanently removing tokens from circulation. The team stated this measure seeks to create a “rising tide” for token holders.
In addition to the burn, Helium initiated automated buybacks of $HNT on the open market. These are executed via a daily “dollar-cost averaging” (DCA) mechanism through the Jupiter exchange. Abhay Kumar, a core team member, confirmed the buybacks are already active.
Kumar also noted that, thanks to these measures, network revenue burns have surpassed HNT emissions since late September 2025, leading the token to a net deflationary state. The momentum is complemented by plans to launch a Digital Asset Treasury (DAT) to acquire more $HNT and generate yield, strengthening financial alignment with investors. This success positions Helium as a leader in Solana’s DePIN ecosystem, a sector the World Economic Forum projects could reach a $3.5 trillion valuation by 2028.