PANews reported on February 6 that according to a Messari report, by the end of 2024, GEODNET will have more than 12,000 active satellite mining machines worldwide, a year-on-year increase of 219%, becoming the world's largest RTK network, surpassing centralized competitors such as Trimble. The network covers more than 140 countries and 4,000 cities, mainly in the United States, Europe, South America, Australia and India.
During Q4 2024, GEOD token destruction hit a new high, up 54% (in GEOD terms) and 463% (in USD terms) year-on-year, reflecting market demand and revenue growth. In addition, GEODNET completed a strategic financing of US$20 million, with investors including AnimocaBrands and ParaFiCapital. In December 2024, GEODNET executed the largest token unlock, releasing 32.46 million GEODs (US$79.8 million), but the GEOD price was not affected, and it still hit a new high before and after the unlock.
