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I had a DePIN Ecosystem Exploration today, and here is what I found:
- The current market size of the DePIN ecosystem is around $26B, and it has grown by +100% since January.
- Over 1.5M devices are active across the world, and that number is also growing with new projects launching.
- @NodleNetwork is the biggest DePIN project by device count—around 780K total devices.
- @rendernetwork is the biggest DePIN project by market cap; however, the device count is not verifiable on-chain.
- @getgrass_io is the most viral DePIN project right now, with around 2M people using it. It is also one of the most diluted airdrop events currently.
- @Hivemapper is the best project right now if you look at daily estimated earnings and days to breakeven. You could earn $9.68 every day with a $299 device, which will have a breakeven in 31 days. However, you need to have a car.
- @wicrypt is offering a much better breakeven at $210 total device cost, allowing you to breakeven in 89 days.
- In terms of recent token performance, @ethswarm and @dynexcoin have done much better than others.
Data Credits: DePINScan by @iotex_io