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acela.base.eth
@acela
🕵️♂️ DePIN narrative Messari published a great research (https://messari.io/report/state-of-depin-2024) on DePIN. With the world realizing AI's insatiable appetite for digital goods in 2024, analysts are prophesying prospects for the DePIN sector. 🔸DePIN is in the early stages of its development with < 0.1% market share in markets over $1 trillion. USD 🔸With a market capitalization of $50 billion across 350+ tokens, the DePIN sector trades at about 100x ARR. 🔸The cryptocurrency market has doubled in 2024. DePIN has grown even faster. 🔸More than 13 million devices around the world interact with DePINs every day. 🔸DePIN revenue grew 30x in 2024. 🔸The DePIN network wars have intensified with Solana and Base wresting market share from other L1s such as Peaq, Minima, IoTex. Solana succeeds not only in memes but also in network infrastructure. Grass, Render, Gradient, Io.net, Helium, Koii Network - all these DePIN projects are built on Solana.
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