DePIN
The data suggests a sector still in a pronounced drawdown with no signs yet of momentum stabilizing, though this reflects price trends only and not adoption or usage metrics for the underlying networks.
DePIN (Physical Infra)
COLD| 1 | Bittensor | $1.8B | |
| 2 | Beldex | $0.7B | |
| 3 | Render | $0.7B | |
| 4 | Filecoin | $0.6B | |
| 5 | BitTorrent | $0.3B |
Decentralized wireless — Helium Mobile: real $20/mo plan on community hotspots
Geospatial / mapping — Hivemapper — dashcam-sourced live maps, tiny cap
Vehicle & sensor data (DIMO) — 220K+ cars; sells mobility data — real revenue
AI/GPU compute — Demand pull from AI training/inference
Energy grids — Very early; large TAM
Thesis: The data suggests a sector still in a pronounced drawdown with no signs yet of momentum stabilizing, though this reflects price trends only and not adoption or usage metrics for the underlying networks.
FAQ
- Is DePIN still growing in 2026?
- The data suggests a sector still in a pronounced drawdown with no signs yet of momentum stabilizing, though this reflects price trends only and not adoption or usage metrics for the underlying networks.
- What are the top DePIN projects?
- Bittensor, Beldex, Render, Filecoin, BitTorrent.
- What are the emerging niches in DePIN?
- Decentralized wireless (Helium Mobile: real $20/mo plan on community hotspots) Geospatial / mapping (Hivemapper — dashcam-sourced live maps, tiny cap) Vehicle & sensor data (DIMO) (220K+ cars; sells mobility data — real revenue) AI/GPU compute (Demand pull from AI training/inference) Energy grids (Very early; large TAM)
Educational content, not financial advice. Back to all sectors →