What is peaq? How It Works & Where to Use It

Overview

peaq at a glance.

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.

Native token

PEAQ

Used for fees and securing the network. See the live PEAQ price.

How it works

How peaq works.

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.

Ecosystem & usage

What peaq is used for.

peaq hosts DePIN projects spanning mobility, energy, robotics, and connected devices.

Connected mobility

Vehicles and charging hardware can record usage, identity, and payments directly on chain.

Device networks

Sensors and IoT devices use machine identity to authenticate and exchange data or value.

Staking

Holders stake PEAQ to validators or nominators to help secure the network and earn rewards.

In Zypto App

Hold, swap and spend PEAQ.

peaq is integrated in Zypto App. Hold PEAQ in self-custody, swap it to any supported asset, and use it across Zypto’s features.

Hold PEAQ in Zypto How to buy PEAQ

Be the reason peaq ships next.

peaq isn’t in Zypto App yet. Post the request to your followers, chains with the most demand get prioritised.

Request on X

FAQ

Common questions.

What is peaq?

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.

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