Summary:
• The decentralized physical infrastructure network is growing rapidly, with 650 new projects emerging and a market value of US$20 billion.
• It combines the advantages of blockchain with real-world infrastructure, providing solutions such as Wi-Fi, transportation, data storage and energy.
• DePIN promises decentralized infrastructure development, reducing costs and improving global access to blockchain technology.
Combining blockchain technology with practical, real-life applications is becoming increasingly important. In fact, decentralized physical infrastructure networks (DePIN) are an area that is experiencing exponential growth. Approximately 650 new projects have emerged, pushing DePIN’s market capitalization to an impressive $20 billion and generating an estimated $15 million in annual on-chain revenue.