Top 100 Coins
Trending Cryptos
Performance
Recently Listed
Gainers
All Categories
All Time High
Blockchains
Global Market Data
Ecosystems
Research
Rewards
Heatmaps
Drop Hunting
Alerts
Converter
Widgets
Market Data API
Futures and Options
Affiliate Program
DePIN Sector Matures With 25+ Projects Now Generating Revenue
Share:
- According to Messari, the sector’s price-to-sales (P/S) ratio currently sits between that of base layer protocols and DeFi projects
- The report analyzes 80 DePIN projects, with 25 shown to be revenue-generating, featuring valuations based on FDVs
- DePIN market surpassed $50 billion last year and is estimated to reach $3.5 trillion by 2028
The Decentralized Physical Infrastructure Networks (DePIN) sector is experiencing notable growth, now having over 25 projects generating revenue. According to Messari, the sector’s price-to-sales (P/S) ratio currently sits between that of base layer protocols and DeFi projects, which indicates a maturing market with growing revenue.
DePINs, split into Digital Resource Networks (DRNs) and Physical Resource Networks (PRNs), are evaluated for valuation drivers, and Messari’s chart compares their P/S ratios in the time span between 2023 and 2024.
The report analyzes 80 DePIN projects, showing that 25 of them are revenue-generating, with valuations based on Fully Diluted Valuations (FDVs). It must be said that some revenue data may be skewed by inflationary token practices, as not all figures are verifiable on-chain.
DRNs O…
The post DePIN Sector Matures With 25+ Projects Now Generating Revenue appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Bitcoin’s Net Realized P/L Hits Zero Again — Is a June 2022-Style Capitulation Next?
Asia Market Open: Bitcoin Steady At $88K As Markets Shrug Off Trump Tariff Threat
DePIN Sector Matures With 25+ Projects Now Generating Revenue
Share:
- According to Messari, the sector’s price-to-sales (P/S) ratio currently sits between that of base layer protocols and DeFi projects
- The report analyzes 80 DePIN projects, with 25 shown to be revenue-generating, featuring valuations based on FDVs
- DePIN market surpassed $50 billion last year and is estimated to reach $3.5 trillion by 2028
The Decentralized Physical Infrastructure Networks (DePIN) sector is experiencing notable growth, now having over 25 projects generating revenue. According to Messari, the sector’s price-to-sales (P/S) ratio currently sits between that of base layer protocols and DeFi projects, which indicates a maturing market with growing revenue.
DePINs, split into Digital Resource Networks (DRNs) and Physical Resource Networks (PRNs), are evaluated for valuation drivers, and Messari’s chart compares their P/S ratios in the time span between 2023 and 2024.
The report analyzes 80 DePIN projects, showing that 25 of them are revenue-generating, with valuations based on Fully Diluted Valuations (FDVs). It must be said that some revenue data may be skewed by inflationary token practices, as not all figures are verifiable on-chain.
DRNs O…
The post DePIN Sector Matures With 25+ Projects Now Generating Revenue appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Bitcoin’s Net Realized P/L Hits Zero Again — Is a June 2022-Style Capitulation Next?