2024 DePIN Sector Insights: Challenge and Solution
DePIN Sector: From Behind the Scenes to Center Stage
In 2024, the DePIN sector is experiencing a renewed wave of attention. According to Messari's State of Depin 2024 report, more than 13 million devices worldwide are contributing to various DePIN networks everyday, the total market capitalization of DePIN related tokens has surpassed $50 billion. However, compared to the sector’s trillion dollar market potential, the current scale remains modest. The report highlights that in 2024, 20 DePIN projects have surpassed 100,000 active nodes, with five of them exceeding one million nodes. While projects have made initial progress in node deployment, they still face challenges around demand generation and monetization.
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