1. News
  2. News
  3. Critical Report: What’s Next for DePIN Coins That Make 100x?

Critical Report: What’s Next for DePIN Coins That Make 100x?

100x Yapan DePIN Coinleri İçin Sırada Neler Var?
100x Yapan DePIN Coinleri İçin Sırada Neler Var?
Share

Share This Post

or copy the link

DePIN coins grew more than 100-fold to $500 million in 2024, thanks to AI-powered projects, off-chain growth and strong community investment. Here is Messari’s research on the subject…

What’s next for DePIN coins?

DePIN revenue grew more than 100-fold to more than $500 million in 2024, with AI-powered projects leading the growth and off-chain developments gaining momentum. This marks a major shift from previous years, when most of the revenue came from on-chain projects. Currently, more than 13 million devices a day support DePIN networks. Moreover, 20 projects have surpassed 100,000 active nodes and five have crossed the 1 million mark.

SPX Coin ve Bu 2 Altcoin Dev Mumları Dikti: Sırada Ne Var?

Blockchain research firm Messari highlighted the rapid rise of Decentralized Physical Infrastructure Networks (DePIN) in its latest report. The number of active DePIN projects almost doubled in 2024. DePIN coins now account for 5% of the total cryptocurrency market capitalization. Investment in DePIN projects has also increased significantly, with early-stage funding dominating both the private and public markets. Low-listed fully diluted valuations (FDVs) have been a key driver behind high returns in liquid markets.

4 out of 22 suffered losses

Only four of the top 22 DePIN tokens have recorded losses since the Token Generation Event (TGE). Virtuals Protocol has been a standout performer, up over 30,000% since its TGE, while NEURAL and NodeAI have seen gains in excess of 2,000%. Late-stage financing was concentrated in a select group of outstanding projects, often backed by top-tier venture capital firms. These projects have launched tokens worth 50-100 times their book value, often reaching multi-billion dollar FDVs. Here are the biggest DePIN coins:

According to the Messari report, community engagement played a crucial role in DePIN’s success. In 2024 alone, nearly $230 million was raised through node sales, crowdfunding initiatives and liquidity pools for the protocol. These funds have enabled further innovation and scalability across the ecosystem. When it comes to platforms, Solana has emerged as the dominant force for infrastructure projects thanks to its low latency network design, while Base has pioneered consumer-focused applications, leveraging Coinbase’s strong brand and large retail audience.

Looking ahead, the DePIN sector maintains strong momentum as we enter 2025, according to Messari. Sui DePIN, the DePIN-focused layer-1 on the SUI blockchain, is preparing to launch its Initial DEX Offering (IDO). Also in December, Kage by Chirp, a play-to-win (P2E) game on the Sui blockchain, was launched. Inspired by “Pokémon Go”, Kage integrates IoT technology with gaming, offering players blockchain-based rewards through treasure hunts.

To stay up-to-date with the breaking news, follow us on Twitter, Facebook, and Instagram. Join our Telegram and YouTube channel

Critical Report: What’s Next for DePIN Coins That Make 100x?
Comment