Ethereum Dominates DePIN Sector, Powers 57.5% of All Projects

  • Ethereum dominates DePIN projects, with 57.5% of tokens launched on its blockchain.  

  • EVM-compatible chains lead DePIN growth, enabling cross-chain smart contract deployment.  

  • Some DePIN projects opt for custom ledgers, allowing full control but increasing complexity.

Ethereum has become the top blockchain for Decentralized Physical Infrastructure Networks (DePIN) projects. More than half (57.5%) of all DePIN projects launch on Ethereum, highlighting its dominance in this growing sector.

Ethereum’s established infrastructure and widespread use of smart contracts makes it the go-to option for DePIN projects. This also gives developers a reliable and familiar platform for building decentralized physical infrastructure networks.

🛠 Ethereum leads the DePIN charge.

57.5% of DePIN projects are launching on Ethereum, with other chains like Solana, Binance, and Cosmos also making waves.

EVM chains are dominating the landscape.

💡 Which blockchain do you think is best suited for DePIN? pic.twitter.com/jtldjA6vtS

— Onchain Foundation (@OnchainHQ) October 3, 2024

Other blockchains are also involved in DePIN deployments. Solana, Binance, Polygon, Arbitrum, and Cos…

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