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DePIN Market Cap by Category (in US $ Million)
As of mid-April 2024, the market for DePIN has achieved a substantial market capitalization of US $36.58 billion, spread across 789 projects.
The sectors of Compute and AI dominate, representing over 80% of the DePIN market. Moreover, the top 20 projects across all categories contribute 70% of the total market capitalization.
Leading the charge are notable projects such as Bittensor and Fetch.ai in the AI category, and Filecoin and Render in Compute with a combined Market Cap of US $12.6 billion.
These figures underscore the significant concentration of market value within a select few high-impact projects within the DePIN ecosystem.
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