ChainCatcher message, Messari analyst Dylan Bane posted on X stating that according to Messari's forecast, the revenue of the DePIN industry will exceed $150 million next year.

"Entering 2024, the supply side of DePIN has been established, but the revenue from the demand side is limited, making it difficult to validate the DePIN model. Throughout this year, several agreements have generated seven-figure and even eight-figure revenues, indicating that DePIN has the potential to capture the demand side that has thus far constrained growth."