Messari said in a post on X 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 $20 billion. According to market value, seven of the top eight DePIN protocols are digital resource networks (DRNs), with a total market value of $12.20 billion. Helium is the only physical resource network (PRN) to enter the top 8 in market value.
However, the increase in market capitalization is not correlated with the increase in revenue, and revenue for all DePIN protocols remains low. Weak overall revenue growth reflects that the DePIN industry continues to be primarily constrained by demand.
Messari: DePIN financing scale increased by 296% year-on-year, and the total market value increased by 400% to $20 billion
2024-08-08 04:39:11
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