Hivello

Hivello launched as an all-in-one DePIN aggregator, letting hardware owners earn by routing idle compute, bandwidth, and storage across multiple decentralized networks from a single desktop app. In early 2026 the company shut down that product and pivoted toward fractional real-world infrastructure assets — starting with ASIC Bitcoin mining — with its HVLO token retaining a role in the new product suite.

The Original Product: DePIN Aggregation

From its founding in late 2022 through January 2026, Hivello's core offering was a desktop application for Windows, macOS, and Linux. The premise was straightforward: install the app, connect your hardware, and the software automatically routes idle resources — CPU cycles, GPU compute, internet bandwidth, and disk storage — across whichever of the supported DePIN networks generates the best return at that moment.

At its peak, Hivello had integrated with 11 DePIN networks and was running more than 50,000 active nodes across its user base. The platform used an AI-driven recommendation layer that weighed hardware specifications, geographic location, and real-time network conditions to suggest optimal configurations for each user. Rather than requiring participants to evaluate individual DePIN protocols, Hivello acted as an abstraction layer: one installation, one dashboard, one earnings token.

Rewards earned by running nodes were denominated in HVLO, the platform's native token on Solana. Users could also stake HVLO within the dashboard, with the staking APY reaching 88% during the incentive-heavy growth phase.

HVLO Token

HVLO launched on Solana via a Token Generation Event on February 11, 2025. The total supply is 10 billion tokens, with 5% unlocked at TGE. Solana was chosen for in-app wallet integration, enabling users to receive earnings and airdrops directly to self-custodied Solana addresses without bridging or external wallets.

Hivello ran two significant airdrops in 2025. The first, announced in March 2025, distributed HVLO to over 32,000 Solana wallets belonging to qualifying node contributors. A second round in June 2025 distributed 50 million HVLO tokens, paired with expanded access: HVLO became purchasable via fiat in over 130 countries, broadening participation beyond crypto-native users. The token also became the subject of a buyback program initiated around the same time.

The Pivot: Why DePIN Node Aggregation Ended

Hivello's transition communications were candid about the dynamics that led to the product change. DePIN network growth in 2024 and into 2025 was heavily subsidized by token emissions from the underlying protocols. As those incentive programs matured and emission rates tapered, paying customer demand had not yet grown fast enough to sustain the economics that had attracted node operators. Many DePIN models across the sector entered a contraction phase, and Hivello's aggregator revenues followed that pattern.

Rather than continuing to operate a narrowing-margin infrastructure aggregator, the team chose to redeploy the distribution and user base it had built — 50,000 peak nodes, tens of thousands of activated Solana wallets — into a different category of product with clearer, more measurable unit economics tied to physical infrastructure.

The node app was shut down on January 30, 2026. HVLO staking balances became withdrawable from February 10, 2026, and the original dashboard closed February 28, 2026. The company stated that all user funds were fully safeguarded and recoverable through the winding-down process.

The New Direction: Real-World Infrastructure Assets

Hivello's incoming product line centers on what it describes as ROI-first real-world infrastructure exposure. Rather than asking users to run nodes themselves, the new model gives users fractional ownership of physical infrastructure with returns tied directly to that infrastructure's economic output.

The first planned product is a Bitcoin mining Real World Asset. Users purchase a fraction of a physical ASIC Bitcoin miner and receive monthly payouts in Bitcoin to non-custodial wallets. The structure removes the operational complexity — hardware procurement, hosting arrangements, power contracts, maintenance — while preserving direct, measurable exposure to Bitcoin mining economics. Hivello targeted this product for late Q2 2026, subject to final product integration and operational readiness.

Following the Bitcoin mining RWA, the roadmap includes GPU compute and AI hashrate RWAs: fractional exposure to high-demand compute infrastructure used for AI inference, rendering, and decentralized cloud workloads. These follow the same structural logic — physical infrastructure, measurable yields, non-custodial payouts — applied to a different segment of the compute market.

The HVLO token is explicitly retained across the pivot. Hivello has communicated that HVLO's utility will be updated to align with the new product suite, with the token remaining central to access and ecosystem benefits.

Backing and Structure

Hivello is backed by Blockmate Ventures, a publicly listed Canadian company that holds a significant shareholding in the project. Blockmate has provided periodic portfolio updates covering Hivello's strategic direction and product milestones, offering a degree of public accountability less common for early-stage crypto projects. The Blockmate relationship also connects Hivello to a broader portfolio spanning AI and Bitcoin infrastructure.

Current Status

As of mid-2026, Hivello is in transition between product phases. The original DePIN node aggregator has been fully wound down. The team is building the Bitcoin mining RWA product targeting late Q2 2026. The website and blog remain active. HVLO trades on exchanges and is purchasable via fiat in over 130 countries. The company has not announced any shutdown and is operating as a going concern repositioning from DePIN software toward physical infrastructure investment products.