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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