Decentralized Physical Infrastructure Networks (DePIN) are transforming how people perceive blockchain applications by integrating real-world infrastructure with decentralized technology.

Recent developments have fueled the expansion of the DePIN market into areas such as decentralized storage, IoT networks, and other physical asset systems.

As the DePIN market grows, staying informed about this sector opens doors to innovation and investment opportunities. This statistics page offers a comprehensive snapshot of the DePIN market, highlighting its growth trends and potential.


Instead of a single company or authority overseeing resources like energy grids, internet networks, or transportation systems, DePIN distributes control among multiple participants through blockchain.

DePIN Market Capitalization & Project Count

In 2023, there were 650 active DePIN projects across various sectors. Here’s the detailed distribution of these projects up to 2023.

DePIN Project Niche Count
Computing 250
AI 200
Wireless 100
Sensors 50
Energy 50
Services 25

However, the number of DePIN projects has risen. As of September 2024, there are 2,365 DePIN projects. Plus, according to the June 2024 reports, the DePIN industry had a market capitalization of $25 billion.

DePIN Market Cap On Blockchains

As of February 2024, the Ethereum blockchain ecosystem hosts the most DePIN projects, with a market capitalization of approximately $2,839 million.

Filecoin and Solana follow, with market capitalizations of $4,215 million and $3,216 million respectively.

Cosmos and Polkadot rank 4th and 5th in the DePIN market, with market capitalizations of $1.28 billion and $827 million, respectively.

Ethereum dominates the DePIN market, but Filecoin and Solana also hold significant positions.

DePIN Market Size

Another indicator of DePIN’s growing popularity is its market size.

According to a July 2024 report, DePIN’s market was valued at approximately $2.2 trillion and is projected to reach $3.5 trillion by 2028. This significant growth reflects increasing interest and investment in the DePIN industries.

DePIN On-Chain Revenue Statistics

In April 2023, on-chain revenue from various DePIN projects reached an all-time high of $2 million.

By June 2024, the DePIN sector was generating approximately $400,000 weekly on-chain revenue. Currently, decentralized computing leads to the generation of the highest on-chain revenue.

However, data from 2023 shows that the storage category accounted for most of the revenue, totaling $25 million, while decentralized computing was in second place with $5 million.

DePIN Token Market Capitalization

As of September 2024, DePIN tokens have a market capitalization of $17 billion. Filecoin (FIL) has the highest market cap at approximately $2.09 billion.

Bittensor (TAO) and Render (RENDER) follow with market caps of $2.03 billion and $2.01 billion, respectively.

Filecoin, Render, Arweave, Helium, and Bitcoin News are among the top DePIN projects by market cap. Currently, DePIN includes 21 projects with market caps over $100 million and 5 projects with market caps exceeding $1 billion.

DePIN has established a significant market presence with a few leading projects dominating in value, while many projects have substantial but smaller market caps.

DePIN Niche Funding Statistics

DePIN projects have experienced a notable increase in funding.

In 2024, early-stage funding for DePIN projects surged by 296%. By September 2024, these projects had raised a total of $1.91 billion.

AI-powered DePIN projects have been in the spotlight, making up almost half of all funded projects 2024. One standout is Sentient, which secured $85 million in seed funding.

DePIN Projects Regional Analysis

The 2024 report reveals that the United States leads the way in DePIN projects, with almost 46% based there.

Singapore comes in second with 9%, followed by the United Kingdom at 7%. This highlights the U.S. as a significant hub for DePIN efforts.

Decentralized Physical Infrastructure Network [DePIN] Statistics

  1. In July 2024, the DePIN platform Mizzle landed $1 million in funding from Onextel. (Source – zeebiz.com)
  2. Glow Protocol, driven by its mission to power the world with 100% renewable energy, has recently become the top revenue-generating DePIN project worldwide. (Source – cointelegrapgh.com)
  3. Solana DePIN projects are valued at over $10 billion, with a market cap of over $4 billion. (Source – htxresearch.medium.com)
  4. With over 100,000 node operators on its waitlist, the Render DePIN project has built one of the world’s largest distributed GPU networks. (Source – crypto.com)
  5. Aethir, a DePIN startup, generated $36 million in revenue in 2024, with a steady 10% monthly growth.(Source – beincrypto.com)
  6. According to the data, 60 DePIN projects have issued tokens with a market cap of $1.33 billion. (Source – htxresearch.medium.com)