2024 was the year DePIN hit its momentum, with the market cap skyrocketing 132% year-over-year to over $40B. Projects launched, tokens mooned, and communities leveled up big time. Some networks started generating real revenue, while others made waves with game-changing partnerships.
Early-stage funding hit an all-time high of $350M.
@helium_mobile crushed it with 120K+ subscribers in year one, Glow rolled out 70 solar farms globally, and
@GEODNET_ partnered with the U.S. Department of Agriculture to revolutionize precision farming. Plus, big collabs like
@DIMO_Network integrating with Tesla and
@XNET_Mobile teaming up with telecom giants showed the world DePIN’s massive potential.
In 2024, casual users could earn passively around $5.5K annually through DePIN participation, while dedicated users running multiple projects could generate up to $91.8K per year.
By harnessing blockchain’s power and distributed infrastructure, DePIN is already shaking up various industries.
2024 was just the beginning. DePIN is ready to break out.