All-Time Top 8 Most Funded Depin Projects (in US $ Million)
30 July 2024•
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DePINs hold the potential to radically transform traditional industries by decentralizing infrastructures. They promise to democratize access to critical data and processes, reduce costs, enhance efficiency, and drive expansion. Moreover, DePINs aim to improve the resilience of existing systems against technical issues like outages and cyber-attacks.
On the funding front, DePIN projects have collectively raised over US $1 billion, with prominent players like Helium and Filecoin accounting for nearly half of this total, having been operational for the past decade. Additionally, over the past 12 months, the sector has secured an additional US $139 million in funding, as reported by CryptoRank under the DePIN category.
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