DePIN Spotlight #2: @well3official – a DePIN and AI wellness platform with 900K+ users and a $55M TVL.

WELL3’s mission is to transform the current approach to managing health data by converting your wellness into a valuable asset.

There are 4 key components of the project's ecosystem:

→ WELL3 DePIN serves as a secure and decentralized health data management system, making your data private and secure.

→ WELL ID is your decentralized digital identity that puts you in control. Protect your data, engage socially in WELL3, explore the ecosystem, make friends, integrate data, and earn rewards.

→ WELL3 wearables integrate health data with the blockchain. The WELL3 team decided to stick with the WELL3 Ring for now.

→ Advanced AI analytics is the last piece of this wellness puzzle, that will provide the user with personalized insights about their health.

The platform meets the rising demand for personalized health data, entering the huge $5.6 trillion market, which is expected only to grow bigger in the future.

That said, let’s look at WELL3’s current metrics and impact:

• 900k+ active users on the platform
• 530k+ unique wallet addresses
• $17M total transaction volume
• 324k+ NFT owners

These numbers are impressive but not surprising, as the platform’s business model is user-oriented.

Over 71% of the $WELL token is allocated to community initiatives.

In the future, these tokens will be used to unlock premium platform features, such as advanced personalized analysis.

The $WELL token is already listed on @Bybit_Official, @MEXC_Official, @bitgetglobal, @BingXOfficial, and @Gateio_Startup exchanges.

Additionally, the project has received support from strategic backers, including reputable VCs and tech giants like:

• @TheSpartanGroup
• @animocabrands
• @SamsungUS
• @awscloud

With fitness wearables like @WHOOP and @ouraring gaining massive popularity, there's no reason a more advanced, blockchain-integrated version couldn't do the same – or even better.