At DePIN Day Singapore, Evgeny Ponomarev, co-founder of Fluence Network, took the stage to announce two milestones that may redefine decentralized infrastructure:
the launch of GPU compute and the introduction of an FLT-collateralized stablecoin.
In a detailed keynote, Ponomarev outlined how Fluence — once a vision of “cloudless compute” — has now become a real, enterprise-grade alternative to Amazon Web Services and Google Cloud.
Reimagining the Cloud: From Centralized Giants to Cloudless Compute
Fluence’s mission has always been clear: to build a decentralized, low-cost, enterprise-grade compute network that aggregates hardware from global data centers into a single resilient marketplace.
“We are building an alternative to hyperscalers,” said Ponomarev. “A reliable, open, decentralized cloud that actually belongs to the people who run it.”
At the heart of Fluence’s network lies a virtual server infrastructure, already powering workloads like databases, blockchain nodes, and data-processing pipelines.
These virtual CPU servers are now in beta, providing performance comparable to centralized clouds — but at up to 85% lower cost.
More than 3,000 virtual servers are already running on Fluence, supporting notable Web3 clients like NEAR Foundation and Infura-like infrastructure providers across multiple ecosystems.
With over $1M in annual recurring revenue (ARR) and a $7M pipeline, Fluence is quickly emerging as a decentralized backbone for Web3 compute.
Why Decentralization Still Matters
Despite the “decentralized” label, up to 80% of Web3 workloads still run on Amazon, Google, or Azure, Ponomarev pointed out.
“If most blockchain nodes live inside Amazon’s data centers, can we really call that decentralization?” he asked.
Fluence aims to change that — by hosting these nodes within its distributed provider network, made up of professional data centers, not consumer-grade devices.
The result is resilient performance, real-world reliability, and independence from hyperscalers — all underpinned by the FLT token, which powers staking and capacity onboarding.
Currently, over 35 million FLT (≈20% of total supply) are staked, securing compute providers and earning 12–24% APR in rewards.
The Next Leap: GPU Compute Goes Live
The biggest announcement came halfway through Ponomarev’s talk: Fluence GPU Compute is now live.
GPU containers are available immediately through the Fluence console, with GPU bare metal and spot instances rolling out in the coming weeks.
“We’re bringing GPU capacity to the network — starting today,” Ponomarev said. “You can log in, spin up an RTX 4090 or H100 container, and deploy your model in minutes.”
During a live demo, he deployed a Llama 3.2 1B parameter model on a Fluence GPU instance, showing the process end-to-end: selecting a GPU type, configuring ports, launching a Docker container, and running a text generation request.
“Invisible lines. A hidden stream. Fluence Network, a seamless dream…”
Under the hood, the GPU marketplace functions much like an “airline ticket aggregator”: constantly sourcing availability and pricing from multiple providers and regions, ensuring users always get the most efficient option.
Fluence partners like Akash Network, Kapa, and Picnic are among the first GPU suppliers joining the network.
Introducing the FLT-Collateralized Stablecoin
Fluence’s second major announcement introduced a financial primitive designed to tie together compute demand and the FLT token economy — a stablecoin backed by FLT collateral.
The concept addresses a fundamental challenge: compute buyers currently pay in USDC, but the protocol’s economics depend on FLT staking and circulation.
The new stablecoin bridges this gap by allowing users to mint a USD-pegged token backed by FLT holdings.
“It lets you use your FLT to mint stablecoins and pay for compute,” Ponomarev explained.
“You’re effectively using your staked tokens to rent the cloud — almost for free.”
Key benefits include:
- Locking more FLT out of circulation, supporting token sustainability.
- Native payment option for compute usage within Fluence’s marketplace.
- Leverage and liquidity: users can borrow FLT against their stablecoin or earn yield by providing liquidity in FLT–stablecoin pools.
The new stablecoin is being developed in collaboration with Parasail, who previously introduced pFLT, a liquid-staking derivative of FLT.
Enterprise-Ready Features and Network Scaling
Beyond the headline launches, Fluence has quietly been shipping provider management tools, enabling data center operators to manage fleets of servers, monitor uptime, and deploy private subnetworks —
essentially building their own decentralized “mini-clouds.”
A robust API layer allows customers to spin up hundreds of virtual machines programmatically, a crucial feature for enterprises running large blockchain infrastructure fleets.
Fluence currently operates across multiple data center locations, expanding into North America and Europe, with new GPU hubs coming online every quarter.
