@sportmeister
Leading DePIN analysts at Messari have prepared a report on the state of the sector in 2024.
✍️ Key insights:
▪️ DePIN occupies less than 0.1% market share in segments valued over $1 trillion.
▪️ The market capitalization of the sector is $50 billion (350 tokens), with a multiplier of ~100x ARR.
▪️ More than 13 million devices interact with DePIN every day.
▪️ "Chain Wars" intensified in 2024. Solana leads in infrastructure, Base in the consumer segment, while specialized DePIN L1s form their own ecosystems.
▪️ Local authorities are considering DePIN to address infrastructure challenges.
▪️ The sector raised over $350 million in early-stage funding (Pre-Seed, Seed, Series A).
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