Helium Network may have gotten its final nail in the coffin with the launch of Amazon Sidewalk network.

Remember those Helium miners? Tiny little computers with antennas that would power the Helium Network, a decentralized wireless Internet of Things (IoT) network using the LoRaWAN system. Those miners were rewarded with HNT tokens for providing bandwidth to the network.

The first wave of miners were rewarded big, maybe even hundreds of dollars a day at one point, then as more and more people jumped on it until it was mere pennies a day for investing into a 500-900 dollar shiny box. It was starting to look like a ponzi and it probably was.

At this point, there was absolutely no utility or customers for this network that would ever ROI its investors or token holders.

Well Amazon released something that is pretty much the same thing just WAY bigger and no token needed

Amazon Sidewalk Coverage

​

The Amazon sidewalk network, the long-range, low-bandwidth network can give any IoT device free low-speed data coverage. It already covers 90% of the US population and it is ready to interface any low cost gadget for virtually free with minimal power draw, smart watches, dog trackers, security doorbells you name it.

Helium network was already a bleeding project, recently the token was delisted from Binance and most miners are in the red with their hardware, barely making a few cents a day for a network that barely has any customers. Amazon Sidewalk will onboard millions of users in a year or two and this will be the new standard for cheap wireless connectivity.

Sources:
https://www.theverge.com/2023/3/28/23659191/amazon-sidewalk-network-coverage

https://www.yahoo.com/lifestyle/helium-plunges-23-binance-delisting-224951700.html