Understand Pipe Network (PIPE) in one article: Opportunities and Challenges of the Decentralization CDN New Star

Pipe Network (PIPE), as a decentralized content distribution network supported by the Solana ecosystem, occupies a unique position in the DePIN track due to its ultra-low latency technological advantage. Although its Token price fell nearly 30% after the listing due to early investors taking profits and concerns about the delay in rewards distribution, the project's solid fundamentals, clear token economic model, and huge potential market still provide significant medium to long-term growth potential after addressing short-term operational issues. However, investors should also be wary of the selling pressure from token unlocks and the risks posed by intense market competition.

1 Project Overview and Market Positioning

Pipe Network ($PIPE) is a decentralized content distribution network (DeCDN) project built on the Solana blockchain in 2025, aiming to reconstruct traditional content distribution infrastructure through a globally distributed node network (PoP). The project was launched on the mainnet on October 8 and simultaneously listed on multiple mainstream exchanges like Gate, but after going live, the price experienced significant fluctuations, falling from the issue price of $0.30 to a low of $0.20, before partially rebounding to $0.25, with a decline of 29%. This market performance reflects early investors taking profits and the community's concerns over the latency in rewards distribution.

The core competitiveness of this project lies in its ultra-low latency architecture, achieving a round-trip time of less than 10 milliseconds, which is a significant improvement compared to the 50-100 milliseconds of traditional CDNs. By leveraging the high throughput and low transaction fees of the Solana blockchain, Pipe Network has created a decentralized physical infrastructure network (DePIN), integrating content delivery, storage, and network routing into a unified open system.

In terms of performance, Pipe Network has multiple advantages over traditional CDNs. Its average latency is less than 10 milliseconds, while traditional CDNs typically range from 50 to 100 milliseconds; in terms of cost efficiency, Pipe Network claims to improve by 100 times compared to traditional solutions. The project has demonstrated significant technical advantages during the testing phase, delivering over 60PB of data and transmitting more than 1 billion files, with a 70% reduction in latency compared to traditional CDNs and a 100-fold increase in cost efficiency. This technical strength stems from the team's deep accumulation in edge computing and content distribution, with core developers coming from well-known companies such as AWS, Google Cloud, and Akamai.

2 Fundamental Analysis of the Ecosystem

( 2.1 Core Technology Advantages and Competitive Positioning

The technical architecture of Pipe Network is built on the Solana blockchain, fully leveraging its high throughput and low-cost characteristics to provide optimized infrastructure for decentralized content distribution. The project constructs a full-stack cloud platform through two core products: Pipe Firestarter storage and Pipe CDN, which work together to provide developers with a complete content distribution solution. This technological combination places Pipe Network in a unique position in the rapidly rising DePIN market, directly targeting market share from traditional content distribution networks.

The project has accumulated approximately 290,000 global PoP nodes during the testnet phase, forming a widely distributed edge network. This hyper-localized node distribution is key to achieving the goal of latency below 10 milliseconds, making it particularly suitable for latency-sensitive application scenarios such as video streaming, online gaming, and real-time AI inference. It is worth mentioning that Pipe Network has stored the complete Solana archive dataset and provides the SolanaWave blockchain explorer API for the Solana developer community, enhancing its embedded value within the Solana ecosystem.

Compared to decentralized infrastructure projects like Render, Akash, and Livepeer, the differentiated advantage of Pipe Network lies in its focus on the content distribution field and ultra-low latency architecture. While these competitors have established market positions in decentralized computing or storage, Pipe Network's technical characteristics in the content distribution segment provide it with a unique competitive advantage in the market.

) 2.2 Token economic model and value accumulation

$PIPE Token is the core of the Pipe Network ecosystem, with a total supply fixed at 1 billion coins and an initial circulation of 100 million coins, accounting for 10% of the total supply ###. This low initial circulation design may lead to increased price volatility in the early stages, but it can also create upward price momentum when demand is strong.

The token allocation plan shows that most of the tokens are allocated to community and ecosystem development. Specifically, institutional investors account for 32.3%, with a cost price of $0.03; community allocation accounts for 22%; team and advisors account for 15.7%; ecosystem and treasury account for 20%; node rewards account for 10%. In terms of the lock-up period, institutional investors have a lock-up period of 12-24 months, while the public offering portion has no lock-up period, the lock-up period for team and advisors is not specified, community and ecosystem portions have some lock-up, and node rewards will be gradually released.

Tokens have various uses within the ecosystem, including: paying network service fees, participating in governance voting, earning rewards through staking, with an expected annualized return of 5-8%, and as incentives for node providers. This diversified application scenario creates intrinsic demand for tokens, and if network usage rises, it may directly drive up token demand.

It is worth noting that the public offering price is set at $0.25, while the pre-listing over-the-counter market price has reached $0.35, indicating strong early investment interest in the market. However, the token economic model also carries certain risks, mainly due to significant initial selling pressure—approximately 4% of the supply ### comes from the public offering portion of Alpha and CoinList (, which may create selling pressure in the early stages of listing.

) 2.3 Funding Background and Key Data

Pipe Network has successfully completed a $17.5 million financing, including $10 million in September 2024 and $7.5 million in July 2025. Investors include well-known venture capital firms such as Solana Ventures, Multicoin Capital, and Robot Ventures, particularly receiving support from Solana co-founder Anatoly Yakovenko as an angel investor. This strong institutional support and the endorsement from the Solana ecosystem provide considerable credibility to the project.

In terms of testnet data, Pipe Network has processed over 60PB of content transmission, demonstrating the stability and scalability of its technical architecture. The project has set an ambitious goal of achieving an annual revenue of $100 million by the end of 2025, which, if realized, will significantly enhance the Token value.

3 Technical Analysis and Price Prediction

( 3.1 Analysis of Price Performance in the Initial Listing Stage

$PIPE was listed on October 8 on several major exchanges, including Gate, with an initial price set at $0.30. However, it immediately faced significant selling pressure post-listing, causing the price to quickly fall to $0.20, followed by a partial rebound to around $0.25, representing a decline of about 29% from the issue price. This price pattern is not uncommon among newly listed cryptocurrencies, typically driven by early investors taking profits and public offering participants cashing out in the short term.

On the technical front, the $0.20 level has formed a key psychological support level, and the price rebounding from this level indicates some buying interest in the market. On the other hand, the $0.30 area now constitutes recent resistance, and breaking through this level may require stronger market confidence or positive catalysts. The current price is trading around $0.25, close to the public offering price, which may attract investors who missed the initial subscription opportunity.

) 3.2 Technical Indicators and Market Sentiment

From a technical indicator analysis, the initial trading volume of $PIPE is relatively high, indicating sufficient market liquidity and strong investor interest. However, the Relative Strength Index ( RSI ) may be approaching the oversold area, suggesting a potential technical rebound opportunity in the short term. The Moving Average Convergence Divergence ### MACD ### and other momentum indicators may show bearish signals after the initial decline, but any positive fundamental developments could quickly change this trend.

In terms of market sentiment, the community's concerns about the latency in rewards distribution have indeed put pressure on prices. These worries may be exaggerated, as the delays are likely due to technical issues rather than systemic problems. Once these operational issues are resolved, it could release the suppressed buying interest that was present during the early listing.

3.3 Future Price Targets and Predictions

Based on the project's technical prospects, market positioning, and Token economic model, analysts have made the following predictions regarding the price prospects of $PIPE:

In the short-term outlook (0-3 months), if the overall market sentiment stabilizes and the project can resolve initial operational issues, the price may rebound to the range of $0.30-0.40. The realization of this range depends on the improvement of exchange liquidity and the normalization of rewards distribution for node operators.

In the medium-term outlook (3-12 months), as platform adoption increases and more nodes join the network, the price may stabilize in the range of $0.50-0.80. Conditions for this prediction include the verification of mainnet technical indicators and the announcement of the first batch of enterprise partners.

In terms of long-term outlook (1-2 years), if the platform can achieve its revenue goals and significantly expand its network scale, the $PIPE Token may challenge the $1 level, corresponding to a fully diluted valuation of $1 billion for the project. Achieving this goal requires the project to realize its business roadmap and gain significant market share in the DePIN market.

4 Investment Opportunities and Risk Analysis

( 4.1 Bullish Catalysts and Growth Potential

DePIN Market Expansion: Decentralized Physical Infrastructure ) DePIN ( is one of the fastest-growing areas in the cryptocurrency market in 2025, with a total locked value ) TVL ### reaching $50 billion. Pipe Network is well-positioned in this trend with its focus on the content distribution niche, especially as the demand for low-latency content delivery grows with AI inference and real-time applications.

Solana Ecosystem Collaboration: As a core infrastructure project on the Solana blockchain, Pipe Network benefits from the rapid development and technological advantages of the Solana ecosystem. The deep integration with Solana—including the storage of the entire Solana block historical data—provides the project with continuous visibility and practicality.

Technical Advantages in Deployment: The project's ultra-low latency architecture and proven testnet performance (handling over 60 PB of data) have established significant technical barriers in the decentralized CDN market. This performance advantage is particularly crucial in latency-sensitive applications such as streaming, gaming, and AI inference.

Practical Application Scenarios: Unlike many cryptocurrency projects that are purely theoretical, Pipe Network provides practical infrastructure services with a clear revenue model and customer value proposition. The project plans to compete directly with traditional CDN giants such as Cloudflare, Fastly, and Akamai, targeting the massive content distribution market.

4.2 Risk Factors and Challenges

Initial selling pressure: Approximately 4% of the total supply will be unlocked at the initial listing, which may create persistent selling pressure. In addition, the unlocking of institutional investors' Token (, which accounts for 32.3% of ), within the next 12-24 months may exert long-term pressure on the price.

Technical Execution Risks: Although the testnet data is impressive, it remains to be verified whether the mainnet can maintain the same level of performance in a fully decentralized environment. Any technical failures or performance declines could seriously damage the project's reputation and Token value.

Intense Market Competition: Pipe Network not only competes with traditional CDN providers but also has to fight for market share against other decentralized infrastructure projects. Existing players have network effects and established customer relationships, which may pose challenges for market penetration.

Token Economics Practical Verification: The utility of the token (such as governance, payment, and staking) needs to be validated through real network usage. If the network adopts a slower speed, it may affect the demand for the token and the stability of its price.

Regulatory Uncertainty: DePIN projects are at the intersection of traditional infrastructure and blockchain, potentially facing complex regulatory scrutiny across different jurisdictions, which brings a degree of uncertainty to the projects.

5 Investment Conclusion

Pipe Network ($PIPE) represents a cutting-edge attempt at the intersection of blockchain and real-world infrastructure, aimed at reconstructing a multi-billion dollar content distribution network market through a decentralization model. The project occupies a unique position in the rapidly rising DePIN sector of cryptocurrency, thanks to its technological advantages, strong institutional support, and clear market positioning.

From an investment perspective, the current price level of $PIPE (around $0.25) may provide a reasonable entry point for investors who believe in the project's long-term vision. In the short term, investors should closely monitor the resolution of issues related to the distribution of rewards to node operators and the early data on network usage metrics. The long-term investment argument depends on whether the project can achieve its ambitious revenue targets and gain market share in competition with traditional CDN giants.

Analysts suggest adopting a phased accumulation strategy, with the initial position size kept moderate, allowing room for further accumulation amid subsequent fluctuations. Short-term traders might consider chasing momentum after breaking the $0.30 resistance level, while long-term investors may prefer to seek better entry prices during potential broad market fluctuations.

Despite facing risks such as technical execution, market competition, and token unlocks, the innovative architecture and clear market demand of Pipe Network make it one of the DePIN projects to watch in 2025. If the team can fulfill its technical commitments and execute its business development plans, the $PIPE Token may provide significant investment returns in the next 12-24 months.

Disclaimer: This article is for news information only and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors should make cautious decisions.