According to a report (2024 DePIN Status) jointly released by Messari DePIN research analyst Dylan Bane and Escape Velocity Ventures co-founder Salvador Gala, the distributed physical infrastructure network (DePIN) sector achieved significant growth in 2024: 1. Market Performance: The total market capitalization of the DePIN market reached $50 billion, covering 350 tokens, with an annual revenue price-to-earnings ratio of approximately 100 times. 2. Device Contribution: Over 13 million devices globally participate in DePIN operations daily. 3. Network Competition: Solana leads in the infrastructure sector, while Base dominates in consumer and market sectors. 4. Capital Inflow: In 2024, DePIN projects raised over $350 million in seed and early-stage financing. 5. Application Expansion: Local governments are beginning to utilize DePIN to address infrastructure issues, such as cross-border payments and logistics network optimization. Looking ahead to 2025, the DePIN sector is expected to achieve 100-1000 times growth in emerging markets and break through in broader application scenarios.