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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.
Related Report
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Special Report: Innovations in Blockchain
This report delves into the groundbreaking innovations in blockchain that are reshaping the traditional and digital landscapes. From restaking to decentralized physical infrastructure networks (DePIN), the convergence of AI and blockchain, and advancements in decentralized identity and trust management, explore how these advancements are driving the future of the blockchain revolution.
