DePIN’s explosive growth: market value jumped 400%, financing scale soared 296%

The field of DePIN (decentralized games and network infrastructure) is booming at an unprecedented speed. The scale of financing has surged 296% compared with the same period last year, and the total market value has soared 400%, exceeding the US$20 billion mark in one fell swoop. Behind this series of dazzling data, the DePIN ecosystem is undergoing profound changes and expansion.

The latest version of the DePIN subfield map reveals the rise of four emerging sectors: decentralized gaming infrastructure (DeGIN) focuses on computing networks; the AI ​​data layer is built on bandwidth networks; and robotics and manufacturing join hands to enter the mobile network field. These four major sectors together form DePIN’s diversified development blueprint.

However, the soaring market value has not simultaneously led to a significant increase in revenue. Although Digital Resource Network (DRN) occupies seven of the top eight DePIN protocols by market value, with a total market value of US$12.2 billion, overall revenue is still weak, with only the four top protocols ranking at the top of the revenue list. This phenomenon highlights the demand bottleneck currently facing the DePIN field and the advantages of centralized platforms in integrating original resources and customized services.

Early financing trends reveal to us the direction investors are favoring. In 2024, two DePIN-exclusive L1s, IoTeX and Peaq, will receive huge financing of US$50 million and US$30 million respectively, indicating a broad prospect for customized blockchain solutions.

From the perspective of technology platforms, Solana Network leads the pack with its 78 DePIN projects, while IoTeX, Peaq and other DePIN-focused L1s are also accelerating the construction of their own ecosystem, showing strong competitive vitality. The future of the DePIN field will undoubtedly be a feast of technology and market. $CVP $BETA $HOOK #美联储何时降息？ #加密市场反弹