@ajchatham
@robmsolomon gave a good talk on this at ETH Denver: https://youtu.be/TrLbTglwzXg?si=qNPomUhI6qrsim6D
Most "DePINs" are just businesses lowering customer acquisition costs with a token.
Some, like /dimo are protocols that enable better coordination & interoperability between trillions of $ of distributed assets