"DePIN Market Size Expected to Grow Up to 1000 Times Over the Next Decade"

Analyst Dylan Bane from the global cryptocurrency data analysis firm Messari and Salvador Gala, co-founder of the cryptocurrency investment firm EV3, jointly published the '2024 Decentralized Physical Infrastructure Network (DePIN) Status' report. They diagnosed that "the DePIN market size will grow 100 to 1000 times over the next decade by taking market share from centralized companies' services."

The report stated, "In 2024, there are over 350 token projects in the DePIN category, with a market capitalization of approximately $50 billion." It explained that "the 'on-chain competition' in the DePIN industry is intensifying, with over 13 million devices worldwide interacting with DePIN. Some local governments are also adopting DePIN."