[More than half of DePIN projects are launched on Ethereum] Golden Finance reported that more than half (57.5%) of DePIN projects were launched on Ethereum, Solana accounted for 5.4% of DePIN online projects, Polygon accounted for 5.1%, Binance accounted for 0.6%, Arbitrum and Cosmos accounted for 2.4% and 1.8% respectively. These non-Ethereum platforms together accounted for about 42.5% of the online projects, leaving room for competition.