Financing in the DePIN sector increased by 296% year-on-year, with a total market value of US$20 billion

According to Odaily Planet Daily, Messari published an article on X stating that as of August, the DePIN field continued to grow, with financing increasing by 296% year-on-year and total market value increasing by 400% to US$20 billion.

By market capitalization, seven of the top eight DePIN protocols are digital resource networks (DRNs) with a total market capitalization of $12.2 billion, and Helium is the only physical resource network (PRN) to enter the top eight by market capitalization.

However, the growth in market capitalization has not been correlated with growth in revenue, and revenues across all DePIN protocols remain low. The lackluster overall revenue growth reflects that the DePIN industry continues to be primarily demand-constrained.