Distributed Physical Infrastructure (DePIN) has become one of the fastest-growing sectors in the crypto ecosystem. This innovative model, which combines blockchain technology with real-world infrastructure, is redefining the way the internet operates. Through tokenized incentive mechanisms, DePIN projects enable ordinary users to contribute their hardware resources to collaboratively build decentralized, secure, and efficient infrastructure networks.
According to CoinGecko data, as of November 2024, the total market capitalization of the DePIN sector has surpassed $3.2 billion, with 24-hour trading volume approaching $3 billion. Investment management firm VanEck continues to emphasize the growth potential of the DePIN market, viewing it as a key area to lead the next wave of user growth in Web3. Risk investment firm Borderless Capital launched a $100 million DePIN fund in September 2024 (DePIN