4 core questions from Solana DePIN research report

Recently, sand dunes analyzes and the latest research report on DePin, which conducted an in -depth analysis of the state of development, market performance and data on the series for multiple basic DePin projects on Solana.

Some data makes people optimistic about the prospects for DePin development. For example, (as of 2025), the total market value on the series of DePin Global Projects (with the exception of the independent L1/Chain) $ 7.1 billion, which is the total market value of DePin projects on Solana 3.25 billion USD. Based on the average market value of each project, Solana is once again driving $ 191.3 million, followed by Cardano (97.6 million dollars), the universe (93.2 million dollars), Sura (80.1 million dollars) and EVM ($ 40.6 million).

In the DePin field, the computer and wireless groups together represent 93.4 % of the market share and are the higher market value groups.

However, as a project that combines the series and outside the series, DePin is still one of the coding fields as it is difficult to track activities on the chain because it depends on the devices outside the chain and the integration of the third party. Data and processes are the challenge that DePin is currently facing.

1. Computer networks and wireless networks represent 93.4 % of the DePin market. What are the industry signals that this reveals?

1. Strong infrastructure features determine the hardness of demand

It can occupy computing (such as GPU, central processing units, edge computing, etc.) and wireless (cellular network, WIFI network, Lora network, etc.) 93.4 % of the DePin market share, indicating that the future internet process and network connection used to create an image and create a model that cannot be non -internet canable. Of things. Do not provide “optional services”, but “basis” to run all decentralized applications. Especially in the era of artificial intelligence, explosive growth in computing in the demand for training and thinking has made computing to follow the “shortage of supply”.

2. The first engine feature and the impact of the domain network

Wireless projects such as helium formed a wide range of societal contract and basic coverage after years of publication; Computing projects such as Powerverter have seized and expanded and expanded quickly. The first engine feature and the impact of the domain network come from the fact that networks and computing are indispensable features of the Internet. Supporting features are determined whether the above fields are not central or not needed by the market, industry and users.

Decentralization speeds this adoption. For the development of the project, in the Depin model, which is dominated by the effects of the network, the intensity of publication and the penetration of the early market, directly determines the subsequent growth area.

3. The market pricing tends to be practical directed

Two categories of computing and networks can occupy most of the market share of DePin, which are linked to their “measurable” nature: Computing resources can be estimated directly through GPU prices and training tasks orders, and wireless services can be imposed according to traffic and network coverage. The market tends to give these practical networks a higher assessment because they have real income (such as chain fees, API calls, computing energy rental, etc.) instead of pure narration.

📌INDUSTRY Summary signal :

● From narration to the suitability of the product market

● The path of decentralized infrastructure is evolving towards real income

● The integration of WEB3 and AI/IOT is the main crystallization, and the resource -based DePin (Computing Power, Dangerian Show) is the preferred landing pathway

2. How to understand “Computing networks provide high market interest symbols for work burdens of artificial intelligence”?

Training on the artificial intelligence model and highly thinking about high -performance graphics processing units, but web2 giants such as AWS and Google Cloud cannot meet the needs of all developers (high prices and intensive resources). Decentralized computing networks allow developers to obtain the resources needed for the spontaneous organization at a lower cost by marketing inactive GPU computing energy. This GPU marketing process is resource marketing.

The symbols in the DePin project can be considered “payment vouchers” to reach resources. They not only play the role of the distinctive symbols of governance, but also as a way to exchange for actual resources associated with “GPU watches” and “important computing power shares”, so it is easy to form a clear evaluation basis. With the increase in the use of artificial intelligence (such as images created by artificial intelligence, videos, symbols, etc.), the practical demand for these symbols will grow naturally, and it constitutes a “revenue backed assessment”.

📌 In short:

DePin Computing Tokens is a resource icon model paid by the triple forces for “high use + savings in costs + external network residence of the network.” The market value depends on the request to convert the real AI’s work burden, rather than lethargy speculation.

3. Depin: Data on the series checks the suitability of the product market (PMF)

The report indicates that some DePin projects have been born almost 6 million dollars In the revenue on the series, which is very convincing data for a relatively early track. This fact shows that Deeb. It is a decentralized field that really brings value and makes people pay. Compared to MEME projects, Depin’s revenues on the series are an index to be verified for PMF, which has a long -term value more than TVL, community popularity, etc. The value of the real revenue also determines the value of the distinctive symbol anchor and evaluation, which provides a real market value for the DePin project to build a healthy symbolic economic model.

Conclusion : The true value of DePin lies in this Tie The real world’s infrastructure with the encryption economy. Compared to Meme projects, the value flow has real support for application, verification and income model.

4. Challenges and suggestions for transparency in computing

DePin arithmetic projects depend on a large amount of resources outside the chain (GPU, the contract) and the logic of implementation outside the chain, while the series only records limited data such as payments and task results. This results in much lower transparency than pure financial projects on the series (such as DeX).

For example, in the decentralized cloud computing system, when users put computing energy on the chain and throw it in NFT for trading, transparency and tracking parameters such as pregnancy in actual time, temperature, specifications and use data for early equipment are problems that need to be addressed. The project party can act in the various computing power contract according to its stability, reliability, etc., and write the results of the grades to NFT definition data so that the demand aspect can understand the quality of the computing power more limit. When you throw NFTS, add the explanatory comments options for energy use scenarios, and applies to the artificial intelligence model training, video presentation, etc., to facilitate the examination according to the request aspect.

Once the data outside the chain is not open and transparently open, it will inevitably affect the development and operation of decentralized cloud computing. However, there are some ways to do this.

1. Providing a “proof mechanism” to improve verification

A. Proved the validity and accuracy of accounts outside the chain using techniques such as proving zero knowledge (ZKP), a reliable implementation environment (TEE), or proof of work (proof of proof);

for. For example, IO.NET and Powerverter can provide outlets for carrying out tasks outside the chain on the chain and check the results of carrying out tasks.

2. Unified standards on the chain

Developing unified indicators on the series to facilitate the construction of the consensus between analysts, investors and users. For example:

I. Active Computing Energy (GPU Hours/Day)

the second. The success rate of the demand for the chain

Third. Distribution time to complete the user computing mission

Fourth. The price of the distinctive symbol unit against the actual computing power rate

3. Open API and follow the dashboard

Like the information boards provided by sand dune analyzes or the chip, a set of reliable data interfaces and public inquiries services should be kept by the computing official, allowing the community to visually understand the network operation.

4. Create a third -party audit mechanism

A. Cooperation with Web3 Professional Data Data service providers to conduct periodic data verification from the series settlement and solid power transformation outside the chain;

for. You can explore the use of decentralized oracles (such as PYTH, Chainlink) to feed the data outside the chain to the series.

📌Core goal : Use the logic of evidence on the chain to fill out of implementation outside the chain, narrow the data credibility gap, improve transparency and credibility And create the reliable evaluation and growth expectations of the entire DePin.

conclusion

Currently, DePin is still in its early stages of development, and unanimity and relevant rules are still created. However, as new boundaries for Blockchain applications, DePin value is still a huge. In essence, the DePin combines value on the chain and the marketable value in the real world, an additional expansion of the value of the pure chain.

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