DePIN
The recent uptick in activity may signal early-stage recovery, but the negative annual trend indicates the sector has yet to fully recapture prior valuations.
DePIN (Physical Infra)
COLDMarket cap
$11B
12-mo trend
-6%
3-mo accel
+52 pts
| 1 | Bittensor | $3.4B | |
| 2 | Render | $1.0B | |
| 3 | Filecoin | $0.9B | |
| 4 | Beldex | $0.6B | |
| 5 | Grass | $0.5B |
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 recent uptick in activity may signal early-stage recovery, but the negative annual trend indicates the sector has yet to fully recapture prior valuations.
FAQ
- Is DePIN still growing in 2026?
- The recent uptick in activity may signal early-stage recovery, but the negative annual trend indicates the sector has yet to fully recapture prior valuations.
- What are the top DePIN projects?
- Bittensor, Render, Filecoin, Beldex, Grass.
- 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 →