DePIN Projects Secure Over $20 Billion in Funding
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1d ago- Market Valuation Growth: DePIN projects have reached a market cap of $20 billion by December 2024, driven by strategic partnerships and innovations in blockchain and fintech, indicating strong demand for decentralized infrastructure.
- Key Players: Major players like io.net, Render, and IoTeX leverage Ethereum and Solana blockchains to advance decentralized applications, with a projected market cap of $2.9 billion by 2026, highlighting the potential of decentralized GPU compute and IoT applications.
- Funding Dynamics: Render secured $47.24 million while io.net raised $40 million, reflecting strong investor confidence in decentralized computing's potential, which is driving market expansion and innovation.
- Industry Impact: Helium and IoTeX are rapidly expanding with over 962,000 hotspots and 40 million devices, significantly impacting their respective industries, indicating that decentralized infrastructure is reshaping market dynamics.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
