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Messari: The financing scale in the DePIN field has increased by 296% year-on-year, and the total market value has grown by 400% to 20 billion US dollars

Messari: The financing scale in the DePIN field has increased by 296% year-on-year, and the total market value has grown by 400% to 20 billion US dollars

Bitget2024/08/08 05:11

Golden Finance reports that Messari published an article in X stating that as of August, the DePIN sector continues to grow, with financing scale increasing by 296% year-on-year and total market value growing by 400% to $20 billion. Calculated by market value, seven out of the top eight DePIN protocols are Digital Resource Networks (DRN), with a total market value of $12.2 billion; Helium is the only Physical Resource Network (PRN) among the top eight in terms of market capitalization. However, growth in market cap does not correlate with revenue growth, and all DePIN protocol revenues remain low. The lackluster overall revenue growth reflects continued demand constraints in the DePIN industry.

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