Grayscale has launched the Bitcoin Adopters ETF, which tracks companies with a corporate Bitcoin treasury strategy. 

Daily top performer — Curve Finance (CRV)

The S&P 500 rose 0.15% as investors shrugged off recession fears and reacted positively to strong tech earnings, with focus now shifting to upcoming Apple and Amazon results. Gold dropped to $3,245 on US-China trade optimism and a stronger dollar, with Fed rate cut hopes cushioning losses. The Coindesk Indices, which tracks the broader crypto market, fell 0.51%, with Bitcoin and Ether down 1.24% and 0.86%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is CRV, which surged 11.4% after Spark's integration of new Curve pools, enhancing stablecoin liquidity and improving DeFi infrastructure.

Curve Finance (CRV), launched in 2020, is a DEX on Ethereum for low-fee swaps between stablecoins and similar assets, with yield-earning pools and DAO governance via the CRV token. Spark has 

 sUSDS/USDT and USDC/USDT Curve pools to its Spark Liquidity Layer (SLL), boosting stablecoin liquidity, enabling easier swaps, and supporting future direct USDT deposits and withdrawals via Spark Savings.

Check out the latest prices, charts, and data of 

 the Bitcoin Adopters ETF, which tracks companies with a corporate Bitcoin treasury strategy. The ETF includes firms like Tesla, Blockstream, and MARA. It reflects the growing trend of companies acquiring Bitcoin as a hedge against inflation. Grayscale's fund aims to provide exposure to companies in sectors like mining, automotive, and energy. Institutional BTC adoption, including Michael Saylor's Strategy, is driving Bitcoin's scarcity, which may lead to a supply crunch and rising Bitcoin prices in the future.

Yesterday, BTC spot ETFs saw $323.3M in outflows, with $32M from GBTC and $291.3M from other ETFs.

 its largest Galxe points event, running from May 4–8, 2025, where users can complete tasks to earn points. They also introduced the AlphaWave competition, a 7-day AI trading contest featuring 25 crypto agents. Users can vote for the agent they think will win to earn rewards and complete Galxe quests. New tasks will be added throughout the week.

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Grayscale launches Bitcoin Adopters ETF, tracking companies with BTC treasury strategies

Discover how USDY, a yield-bearing stablecoin from Ondo Finance, offers secure, regulated returns backed by US Treasuries across multiple blockchains.

, which are crypto assets pegged to a major fiat asset, have gained tremendous popularity and are helping investors deal with the typical volatility of the market. For many years, stablecoin cryptocurrencies have been used for payments, principal value storage, B2B transactions and more. However, traditional stablecoins have always lacked the ability to generate yield. These assets are fixed at a certain rate (e.g., $1) and, due to inflation, they don’t protect against your funds’ value erosion. 

 have started to gain traction over the past several years. These "new generation" stablecoins, unlike their traditional counterparts, not only provide rate stability but also generate yields, growing your investment over time. One of the leading assets among yield-bearing stablecoins is US Dollar Yield (USDY), issued by Ondo USDY LLC, part of 

Backed by low-risk traditional finance (TradFi) reserves, USDY generates yields and is a fully composable asset that can be used throughout the DeFi ecosystems of multiple blockchains. The reserves and issuance of the stablecoin are also subject to high regulatory controls. In the world of yield-bearing stablecoins, USDY is among the top choices in terms of popularity, regulation and security.

What is the Ondo US Dollar Yield (USDY) Token?

 (USDY) is a yield-bearing stablecoin offered by Ondo USDY LLC, part of the Ondo Finance DeFi solutions provider. 

USDY’s value tracks that of the US dollar, and it’s backed by Treasury bills and demand deposit reserves. The coin issuer’s parent company, Ondo Finance, specializes in institutional-grade crypto solutions. Ondo aims to make on-chain institutional-grade finance tools and infrastructure accessible to anyone.

USDY was launched in August 2023. As of April 2025, the stablecoin has become available on 

 — a level of multichain coverage that few other stablecoins can match.

While USDY’s price tracks the US dollar’s, its rate is typically somewhat higher than $1 because yields earned by each unit of the stablecoin are added to it, increasing its nominal value.

 (RWAs), primarily Treasury bills, although some portion of the reserves may also be represented by bank demand deposits. Both of these financial asset types are considered cash equivalents.

To ensure the Ondo ecosystem's security, Ondo backs each $100 equivalent of USDY with reserves worth $104, maintaining a 4% overcollateralization rate at all times.

Ondo Finance takes the transparency of USDY seriously. The company has established a bankruptcy-remote mechanism, with a separate corporate entity controlling the issuance and oversight of the stablecoin in various ways, including a board of directors with an independent director, and segregation of assets and reporting from Ondo.

USDY is a fully composable asset that can be used in the DeFi ecosystems of its host blockchains for various purposes, such as collateral, 

USDY provides several significant benefits for its holders. First, it allows eligible individual and institutional investors to earn dollar-denominated yield. This is in contrast to traditional stablecoins, which provide no yield opportunities at all. While other yield-bearing stablecoins also generate returns for holders, some of these pay the yields in volatile cryptocurrencies, rather than high-quality assets.

Thanks to its dollar peg, USDY offers both yield and relative stability. Additionally, it’s fully composable, creating opportunities for use across various DeFi protocols. USDY is available on seven blockchains, providing access to more DeFi opportunities than most yield-bearing stablecoins.

The coin may also be used for passive holding, growing in value over time as yields accrue. In this capacity, USDY represents a good low-risk, on-chain investment opportunity.

Finally, USDY’s overcollateralization and backing by high-quality TradFi assets, Treasury bills and demand deposits make it one of the most secure yield-bearing stablecoins on the market.

How does Ondo US Dollar Yield (USDY) work?

Individuals and institutional entities need to undergo an onboarding process to acquire USDY, during which they submit relevant identity, legal and tax documents. Ondo diligently applies 

 (AML) checks in order to adhere to US securities laws, the Investment Company Act of 1940 and other relevant regulations.

US and UK residents cannot apply to buy USDY, although you may be eligible if you’re a US or UK citizen and reside abroad.

If your application is approved, you can be issued USDY 40 to 50 days after your initial deposit date, although you’ll start earning yield from the first day of your investment. The minimum amount for investment or redemption is $500. You can buy USDY from Ondo using the 

 stablecoin. US dollar wire transfers are also supported for amounts over $100,000.

Redemptions are only transferred in US dollars to bank accounts outside the US. You can redeem your USDY investment at any time, and the typical timeline to receive your funds is about 2–3 business days from the date of your request.

USDY accrues yield daily. The stablecoin’s yields are structured not to incur any US federal tax obligations. Ondo doesn’t charge any performance or management fees for USDY yields. However, the company earns income from a portion of yields generated by the underlying assets backing USDY.

As noted earlier, USDY’s yields accrue to each unit of the token. Therefore, the value of one USDY is usually above $1. For instance, the average value of USDY as of the time of this writing (Apr 30, 2025) is $1.11.

For investors who prefer a fixed $1 rate for the stablecoin, Ondo offers the rebasing version, called rUSDY. Yields for rUSDY are paid to your wallet in the form of additional tokens by increasing the supply of the crypto, while the principal remains at (or very close to) $1. This is known as rebasing. USDY and rUSDY are freely convertible between each other.

The rebased version of the coin might be useful to those who need to ensure rate stability (for example, for B2B payments of agreed-upon contractual amounts) while also earning yields from their investments.

 as a swap pair with the USDT stablecoin.

USDY boasts numerous benefits for investors — low-risk yields from high-quality traditional assets, wide multichain coverage, regulatory compliance, transparency, composability and rate stability. The combination of all these benefits is quite rare in the crypto market, and the investor community is definitely taking note: USDY is already the third-highest-ranked yield-bearing stablecoin by market cap as of late April 2025. 

Since the yield-bearing stablecoin niche is expanding, the advantages of the USDY are likely to attract further interest, both among the institutional crowd and with individuals keen to access high-quality, institutional-grade crypto products.

Intermediate

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What is Ondo US Dollar Yield (USDY) and how does it work?

Discover the 7 top Sui meme coins in 2025, from MIU to HIPPO, as they gain traction with fast growth, strong communities, and unique use cases.

 blockchains, have continued to rally as investors make bold moves with renewed risk appetites. As a 

 blockchain, Sui has continued to attract crypto enthusiasts — especially meme coin lovers, who appreciate the platform's speed and affordability.

Recent surges in trading volumes and market caps of SUI meme coins — such as MIU, LOFI and BLUB — highlight growing investor interest. For instance, BLUB experienced an 88% increase in just 24 hours from Apr 22–23, 2025, contributing to the broader rally of SUI as its price surged over 63% in April 2025.

These coins often incorporate unique themes and philanthropic efforts, such as HIPPO's wildlife conservation donations, that foster strong community support.

Let's look at the top Sui meme coins making waves in the crypto market.

​Sui-based meme coins are rapidly gaining traction due to a combination of technological advantages and vibrant community engagement. The 

 parallel transaction execution and unique gas pricing mechanism enable ultrafast transaction speeds and minimal fees. This makes Sui an ideal platform for the high-volume, speculative trading that meme coins often entail. Sui’s scalability and secure Move programming language attract developers seeking efficient and safe environments for launching their new tokens.​

 (DeFi) further supports meme coin growth, providing avenues for increased utility beyond mere speculation. Following are the top ​Sui meme coins based on market cap, as of Apr 30, 2025.

 is currently the leading ​Sui-based “cat meme coin,” with a market cap of $70.6 million. It draws in investors with its fun, energetic branding and community-driven spirit. MIU also features expanded utility beyond its cute cat hype, allowing users to access DeFi and 

 (NFT) opportunities on its platform. It also promotes long-term commitment via its 

 process, as stakers can earn up to 15% APR with 12 months of staking.

The project frequently launches community events and contests, strengthening its dedicated holder base. MIU’s success highlights the growing appetite for meme tokens on scalable blockchains like Sui. Its playful appeal and strong tokenomics have positioned it at the top of the ​Sui meme sector. MIU is a 

 coin: its total supply is 9 trillion tokens, of which 55% are dedicated to a 

, 15% allocated to staking rewards, 15% to ecosystem development, 10% to community and 5% reserved for the team.

MIU continues to ride the wave of growing meme adoption, aiming to become a lasting force within the Sui ecosystem and beyond.

With a market cap of $35.86 million and over 50 million app users, 

 (MEMEFI) is an ambitious Telegram project that blends the world of memes with SocialFi utilities. Unlike typical meme coins that rely solely on hype, MemeFi aims to engage Telegram users with an interactive web3 meme-themed clicker game that offers daily giveaways and incentivizes ad creations for enterprises.

Its native token, MEMEFI, is more than just a mere meme coin, and has use cases for 

You can trade MEMEFI on Bybit’s Spot trading platform (

 is a rising ​Sui meme coin known for its chill "lofi vibes" branding that resonates with a younger, internet-native audience. Beyond its fun appearance, LOFI has demonstrated solid growth by tapping into communities through music, lifestyle and crypto.

The project also ties in eco-conscious initiatives, focusing on providing clean water sources for global communities and addressing the impact of ocean waste and plastic on marine health, giving it a mission-driven angle not typically seen in meme coins. Besides direct donating, minting LOFI Mystic Yetis NFTs also helps contribute to the cause, with 20% of the proceeds going to the LOFI Foundation.

Lofi’s accessible vibe and shrewd marketing strategy continue to attract new supporters, helping LOFI to stand out in the increasingly crowded ​Sui meme scene. 

 (commonly known as HIPPO) is a community favorite in the ​Sui meme world. The HIPPO token mixes humor with philanthropy, donating a portion of its revenues to wildlife conservation initiatives, starting with Thailand’s Khao Kheow Open Zoo that houses Moo Deng, the adorable pygmy hippopotamus that inspired this viral meme coin. This feel-good approach has helped build an extremely loyal community around the HIPPO token.

Sudeng’s dual focus on memes and real-world impact gives it staying power. The project’s growing community engagement ensures that HIPPO remains relevant in a fast-moving crypto space.

You can buy HIPPO as a USDT Perpetual contract on Bybit (

 is making waves in the ​Sui meme coin ecosystem with its aquatic-themed branding and integration of meme culture. Known for its friendly, community-first approach, BLUB frequently hosts giveaways, meme competitions and liquidity incentives to maximize engagement.

The coin’s fun branding and its steady increase in active users have helped BLUB climb the ranks quickly. Its strong online presence and viral meme campaigns have attracted crypto enthusiasts who are looking for the next breakout meme project. As it continues building partnerships and expanding its reach, BLUB demonstrates strong potential to become a staple in the Sui meme scene.

 (TOILET) is a rising meme coin on ​Sui that embraces humor and absurdity in a way that resonates with crypto culture. Its branding focuses on being intentionally ridiculous, tapping into the viral tone of meme coins that don't take themselves too seriously.

The project’s organic, community-driven growth has made it one of the most talked-about newer entrants in the ​Sui meme space. Frequent meme contests, community raids and spontaneous airdrops help fuel engagement. One of its biggest events is the distribution of Toilet Club Alpha Pass NFTs to the top 100 TOILET holders (as indicated by the Apr 21, 2025 screenshot), which gives holders access to all of Toilet Dust's projects and events and the right to vote on Toilet Dust's future development.

Despite its humorous façade, TOILET’s strong holder base and active marketing tactics suggest it may remain relevant as Sui’s meme coin ecosystem continues to expand.

 (FUD), another top project in the ​Sui meme coin category, is built around an adorable pug mascot battling FUD (fear, uncertainty and doubt) in the crypto world. With a humorous tone and clever marketing, FUD has built a vibrant community of holders who embrace both its memes and its mission.

FUD leverages trending memes, contests and airdrop rewards to keep its community marketing fresh and viral, helping it steadily grow in popularity. Its deep integration of ​Sui apps like 

 — as well as its deflationary tokenomics, whereby 20% is dedicated to token burning — makes FUD a strong contender for future growth in the meme space.

Buying ​Sui meme coins on Bybit can be exciting. Nevertheless, it's important to recognize the risks and rewards involved. 

, and their prices can swing wildly and quickly, offering chances for sizeable gains as well as sudden losses.

Always approach these investments with caution, never risking more than you can afford to lose. That said, the fast-growing ​Sui ecosystem and meme culture can create rewarding opportunities for traders who stay informed and manage their risk properly.

Currently, you can buy MEMEFI as a Spot pair and Perpetual contract on Bybit. HIPPO is also available as a Perpetual contract. This gives traders the flexibility to choose the type of exposure they want — simple buying and holding with Spot, or leveraged trading with Perpetual contracts.

Spot trading is the most straightforward way to buy ​Sui meme coins, as you directly purchase the coin and own it outright. On Bybit, the process is simple. After choosing the Spot pair, such as MEMEFI/USDT, select your preferred order type — e.g., 

(you set the price you're willing to pay) — and confirm the trade to make your purchase.

Spot trading is ideal for beginning traders, as well as anyone who prefers a more straightforward, lower-risk approach as compared to 

Buying Sui meme coins as Perpetual contracts

Bybit offers MEMEFI and HIPPO as USDT Perpetual contracts for those seeking more advanced trading options. With Perpetual trading, you don’t own the actual coins; instead, you speculate on their price movement. Key points to understand include the following:

Perpetual contracts can offer significant rewards, but require a strong understanding of 

. Always start with lower leverage and practice solid trading discipline.

Whether you prefer the simplicity of Spot or the strategy of Perps, Bybit provides flexible ways to explore the booming ​Sui meme coin market.

The rapid rise of meme coins on the Sui blockchain highlights the power of community-driven projects when they’re paired with innovative technology. Thanks to Sui’s high-speed transactions, low fees and developer-friendly environment, Sui meme coins like MIU, LOFI and HIPPO have found a perfect ecosystem in which to thrive. Each project brings something unique to the table — whether humor, philanthropy, DeFi innovation or pure meme culture — creating a vibrant and diverse ​Sui meme coin landscape.

top sui meme coins.png

7 top Sui meme coins to pay attention to in 2025

Mastercard has partnered with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. 

Daily top performer — Drift Protocol (DRIFT)

The S&P 500 rose 0.58% for a sixth straight gain as markets await key inflation and GDP data, alongside earnings from Meta and Microsoft. Gold fell 0.60% to $3,323 as a stronger USD and improved risk appetite limited safe-haven demand. Prices remained range-bound, with key levels at $3,260 support and $3,400 resistance. The Coindesk Indices, which tracks the broader crypto market, rose 0.51%, with Bitcoin and Ether up 0.55% and 1.31%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DRIFT, which surged 28.7% following the introduction of Amplify, Drift's tool for simplified leverage that boosts yields with increased risk.

Drift Protocol (DRIFT), founded in 2021, is a decentralized exchange (DEX) on Solana offering spot trading, perpetuals, and market-making tools. Drift v2 builds on this by improving trading efficiency, security, and user-centric features, incorporating community feedback to enhance the platform. 

 by Drift automates leveraging strategies for higher yields by recursively borrowing against yield-generating assets. It simplifies the process, making leverage accessible with one click. However, risks such as liquidation, changing interest rates, and oracle failures exist. Amplify is designed for users with JLP or SOL LSTs seeking to boost yields with minimal complexity but comes with increased risk.

 with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. The company aims to make it easier for both merchants and consumers to use stablecoins, promoting blockchain technology's mainstream adoption. Additionally, Mastercard has launched a crypto payments card with MetaMask, enabling self-custodied fund transactions with fast processing speeds. Stablecoin market growth is expected to reach $3.7 trillion by 2030.

Yesterday, Bitcoin spot ETFs saw $43.9 million in net outflows, all from non-GBTC funds, while GBTC recorded zero flows.

, a Layer-1 blockchain focused on AI agents and user-owned IP, is offering a limited-time free ticket to its Summit Series for the next 18 hours. Users can also join the Camp Points Program by completing simple tasks to earn points, which may qualify them for a future $CAMP token airdrop. A minimum of 30 points is required to be eligible. Daily check-ins earn bonus points. VPN use may be needed for access.

Mastercard partners with Circle, Paxos, and Nuvei to enable stablecoin payments for 150 million merchants

web3

Crypto

Blockchain

Altcoins

Find out how much you can earn from Helium mining and how to set up a Helium miner to maximize your earnings.

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 network, connecting data across the internet through physical devices known as Helium miners. Also known as 

, this decentralized platform enables a practical adoption of the 

With Helium Network, it's not just your phone that connects to the internet — it's everything in your home. You can connect your smart door lock or smart fire alarm to the internet and receive data anywhere. 

Innovative home products aren’t the only application for IoT devices. The IoT can also help businesses reduce costs while increasing efficiency with retail data tracking and analysis. 

If you’re interested in helping to boost this technological advancement in our lives, you can easily contribute to the process — and even earn profits while doing so! All you need is a Helium miner, also known as a hotspot.

But what exactly is a Helium miner, how does it work, and where can you get it? Read on to find out all you need to know about this intriguing device.

 is a distributed network of long-range wireless hotspots designed to provide a decentralized wireless network for connected devices that are part of the Internet of Things. 

IoT devices are intelligent “gadgets” that connect and exchange data over a network, providing a much wider range of connection as compared to Wi-Fi. With Helium, you'll never have to worry about your Wi-Fi connection going out again.

With Helium's decentralized network of intelligent devices, a centralized hub or router is no longer required: Each device can connect directly to other devices within the vicinity. 

, so people can set up hotspots that act as Helium miners and serve data to devices. This entirely new incentive model enables miners to earn hundreds to thousands of dollars every month by simply buying a hotspot and plugging it in. 

So whether you're working from home on a Saturday morning or trying to get some work done while out at the park with friends, you'll always know that your Helium miners are helping you earn Helium tokens (HNT).

The Helium Network is built on a decentralized architecture that uses long-range radio waves to reach broad areas. Combining this technology with blockchain can create a wireless network that’s more reliable than the network offered by traditional wireless providers.

Helium hotspots provide long-range wireless coverage for millions of devices within the Helium Network. This blockchain technology is called proof of coverage (PoC), a unique version of 

 that blockchain platforms like Ethereum and Bitcoin use to validate transactions.

There are two ways to earn HNT tokens. Helium miners can earn HNT either through transferring data to other devices in the network or through proof of coverage.

The Helium blockchain boasts a widespread network; hence, it’s essential to validate that miners are providing proper wireless network coverage from time to time. This is where proof of coverage comes into play. The PoC algorithm checks on the radio frequency properties frequently to ensure that reliable coverage is consistently being produced.

Helium's unique proof-of-coverage model makes it possible for anyone to set up a hotspot and earn HNT for providing coverage to devices around them. As soon as the HNT is mined, it’s burned from the circulating supply of HNT to produce Data Credits. 

The devices that use the Helium Network require Data Credits for accessing the network. Burn-and-mint equilibrium is created when HNT and Data Credits are created and removed, thus generating a supply-and-demand-based Helium economy.

Earnings from relaying data to devices is straightforward. The more data transferred, the more the miner or hotspot earns. On the other hand, to earn from proof of coverage, hotspots have to witness or pass randomly assigned tests. 

Helium miners routinely challenge other hotspots around them through radio waves to prove to the network that they’re recording the quality of the coverage. This is a measure used by the PoC algorithm for determining network quality, and it’s recorded on the blockchain.

The PoC protocol consists of three roles: 

Helium miners frequently initiate challenges to random neighbor hotspots. The challenged hotspot must relay accurate data to prove it’s operating correctly, and in the location it claims. Other nearby hotspots witness the challenge by verifying the information relayed and checking that the whole process goes as expected.

When the PoC challenge is completed, the mined HNT is then automatically sent to the 

How Much Can You Earn From Helium Mining?

Contributors to the helium ecosystem earn HNT by mining and building the coverage for The People's Network using a compatible hotspot. Depending on your location, the amount of HNT you earn may vary. In February 2022, a participant claimed that he was able to earn 

The Helium Network is built to encourage broad coverage, using a reward scale metric to reach this goal. Helium says that there should be 

A Helium miner's reward scale is a number between 0 and 1 that serves as a multiplier for rewards earned from challenges. If you're located too close (inside 300 meters) to several hotspots, your reward scale will be reduced because of increased competition, resulting in lowered mining of HNT from challenges or tasks. 

You can easily check the density of hotspots within a location via 

. The explorer also shows the total amount of HNT that a specific hotspot has mined for the past 30 days. With this information, you’ll be able to gauge approximately how much you can earn, based on your location.

What Is a Helium Miner (or ‘Hotspot’)?

A Helium miner (or “hotspot”) is a wireless device that earns you tokens for your coverage. While the network’s early beginning only required one type of hotspot to perform all of Helium’s challenges, new kinds of hotspots are designed to cope with the rising demands of the rapidly expanding blockchain.

: These can receive all rewards for their participation in activities, including proof-of-coverage activities.

: These are an evolution of full hotspots in the sense that they’re software, rather than a physical device.

: These focus only on transferring data, so they only receive rewards for the data transfer.

Before you start building your first Helium miner, there are a few things you should know about this device:

These hotspots aren’t like ordinary routers that you use at home. They're small and quiet, but extremely powerful. With 200 times more coverage than a standard router, just a few hundred devices can cover an entire city.

Unlike the usual nodes, hotspots consume only 5W of power. Hence, this consensus protocol is more efficient and energy-friendly than proof of work.

All you need to get started is a simple Wi-Fi adapter — no specialized hardware is required. 

You'll earn tokens for every megabyte of data transmitted through your network. But don't expect to get rich off of one miner; it will take more than one to make any real money from this venture.

If you're looking to maximize your Helium mining rewards, the key is to understand your geographical location, how antennas work, and how to choose a suitable miner.

Radio frequencies have their limitations. Their strength reduces every time they collide with an obstacle, so geographical location is important. The 

 is also crucial. As the gain increases, the antenna’s beam angle becomes longer and narrower. Hence, if you live in a lower elevated area, you’ll have to use antennas with a higher gain of 

 because their signal shoots up higher before going out.

The key to maximizing the rewards you get from your miner is to:

You can install a hotspot indoors or outdoors based on your requirement and feasibility.

An indoor hotspot is cheaper, safer, and needs less wiring. In contrast, the outdoor hotspot is a setup for when you don't have enough space.

The table below shows some of the best Helium miners available in the market.

Although the kind of hotspot you set up isn’t crucial, a Helium miner’s antenna is an important factor that needs attention.

The gain of an antenna is measured in dBi. Higher dBi means the signals will travel farther, but the signal reach will be narrow, while lower dBi means signal reach will be more profound.

In addition to the antenna type, geographical location also influences the antenna choice. For example, in a flat rural area with no obstacles like trees or buildings, an 8 dBi and even a 10 dBi antenna is suitable. On the other hand, in a hilly location, a lower dBi of 4 and below will be more appropriate. 

Before the physical installation of the hotspot, you'll first need to connect to the Helium Console and Helium Wallet.

The Helium Console is a powerful combination of management tools and network server capabilities that speed up the data transfer from IoT devices to the Helium Network. The Console also allows developers to manage devices and connectivity costs, as well as monitor data activity. 

The Helium Wallet lets you accumulate the HNT tokens that you receive, and is used by anyone participating in the network. There are three types of wallets available:

 Also known as the Helium Wallet app, it combines the managing of hotspots and tokens all in one app.

 – It is the most flexible but requires technical expertise to use a CLI wallet. It is not suitable for a beginner.

 – It is a secure hardware wallet with helium software running on it. You can only transact HNT, however, transactions involving other tokens are not supported.

Powering up the Helium hotspot is easy. However, an internet connection is required. Ethernet networks are far more reliable and sync the blockchain faster than Wi-Fi networks. Therefore, consider switching to Ethernet rather than Wi-Fi. 

First, you need to ensure that the antenna is connected to the antenna port. Next, make sure that you have Bluetooth enabled on your phone, and that it's connected with the hotspot. Wait about 30 minutes for the device to update its firmware.

Afterward, turn on your hotspot and connect it via your phone. You can do this by pressing and holding the button at the back of the device. Then, open the Helium app to set up.

, wait for approximately 15 minutes to half an hour for the setup to be complete. Once your hotspot shows up on the app, you'll have to wait for one or two days for the information to complete syncing before you can start mining HNT.

You can set up your miner either indoors or outdoors. The choice depends upon your space availability and budget, as indoor hotspots are generally less expensive compared to outdoor hotspots.

Now that you have set up your miner, let's focus on optimizing it to earn more HNT. Take note that hotspots typically perform better in less competitive environments.

The good news is that you can still mine Helium successfully by optimizing your setup if you live in a competitive area.

Here are some of the factors affecting your miner's performance:

There will always be some hotspots that perform better than others in the cluster because of their height.

Radiofrequency travels farther when antennas are mounted higher. If you can mount your antennas higher, you can significantly improve mining performance and earn more HNT.

When you buy an antenna, it's essential to understand that not all antennas are the same. They come in different shapes and sizes and have different strengths.

When choosing an antenna, it's essential to know how much gain it has, which in turn measures the signal strength that the antenna can pick up. The higher the gain, the stronger your signal.

Also, make sure that you pair your antenna with a suitable cable (shielded or unshielded).

Not all cable lines are created equal — some have better shielding than others. If your cable doesn't have good shielding, your signal will get lost between the antenna and hotspot.

Usually, a 200-grade shielding cable is recommended, but if your antenna's cable length is greater than 20 ft, a 400-grade shielding is preferred.

The Helium Network rewards miners for providing coverage and helping to build its network. 

As you interact with more and more hotspots, the number of Helium Network Tokens (HNT) you earn increases.

However, if you’re within 300 meters of another miner, your HNT earnings decrease because your hotspot will compete with the other hotspot in the vicinity for available HNT.  Multiple hotspots in the same location will not help to make the network.

Meanwhile, if you’re too far away from other hotspots (10 miles in rural flat areas, or more than one mile in densely populated areas), you may not be able to communicate with other hotspots. This will result in your earning fewer HNT.

Sometimes, the right tweak can help a Helium miner earn more, even in a saturated area. Thus, optimization must be your priority, post hotspot setup.

After you have your hotspot, antenna and cables and have mounted all necessary components, you’ll be ready to start collecting and converting your HNT into cash or other cryptocurrencies.

It isn’t possible to cash out HNT directly from the Helium wallet. Instead, you’ll have to transfer your HNT tokens to an exchange that supports Helium trading pairs, such as Bybit.

First, download the Helium Hotspot app on a mobile phone (or tablet).

, using your email or phone number. After setting up a Bybit account, 

 from your Helium Wallet and exchange it for USDT.

Things You Need to Know Before Getting a Helium Miner

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