Sunrise brings peaq to Solana as 3.3M machines bond tokens

The machine economy just got a Solana address. Wormhole Labs’ Sunrise gateway has listed the PEAQ token on Solana with canonical status, coinciding with the launch of peaq’s Economics 2.0, which went live on September 7, 2026. About 3.3 million machines are now set to bond PEAQ tokens under the new model, tying token demand to real-world device activity rather than trader sentiment.

What Economics 2.0 actually does

Instead of paying a flat fee to activate a device on the peaq network, machine operators lock up PEAQ tokens as collateral, with activations priced in USD but settled in the native token. When a machine exits the network, half of its bonded tokens are burned outright.

Peaq set a target of 1 million machine activations in the first week of Economics 2.0 alone. The network already spans more than 60 DePIN (Decentralized Physical Infrastructure Network) projects, covering connected devices ranging from energy meters to mobility hardware. Peaq launched its mainnet in November 2024, and the 3.3 million machine figure reflects adoption across that project ecosystem in the months since.

What Sunrise adds to the picture

Sunrise functions as an asset gateway that coordinates liquidity provision and distribution, giving listed tokens canonical status on Solana. Canonical status means the Solana-side token is the recognized, official representation of the asset, not a wrapped approximation that traders have to trust a custodian to honor.

Since its launch, Sunrise has facilitated billions in cumulative trading volume across various assets. It integrates directly with infrastructure like Phantom and Jupiter, meaning PEAQ lands inside the wallets and swap aggregators that Solana users already use daily.

Why the bonding model changes the demand calculus

Peaq is adding a fourth source of token demand beyond staking rewards, gas fees, and speculative positioning: operational necessity. If you want to run a machine on the network, you bond tokens. The USD-denominated pricing for activations means operators know what activation costs in dollar terms regardless of PEAQ’s spot price, with the token serving as the settlement layer.

The burn-on-exit feature adds a second layer of supply pressure, with half of bonded tokens permanently removed from circulation upon machine exit. By making bonding a prerequisite for machine operation rather than an optional yield strategy, peaq hardwires token demand into the network’s operational logic.

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