Author: Nancy, Banz
As one of the important engines in the encrypted currency that moves towards the main current, the DePin ecological system shows a strong momentum for development and has become one of the main investment lines that attract capital so far. However, the current expansion of the Depin market scale is mainly driven through the leading “march” projects, and the total profitability is limited, in the face of risks such as organization and cybersecurity.
The total volume exceeded $ 20 billion, With ethereum Solana Ecological systems as major shareholders
According to Depinscan data, as of September 19, there are approximately 276 DePin projects, which are mainly classified into artificial, wireless, energy, services, sensors, data, and computing. Currently, the total market value of DePin has approached 21.23 billion dollars, an increase of 17.1 % since the beginning of the year, as the first ten projects represented about 80.5 % of the maximum market, reaching 17.08 billion dollars.
DePin Ecosystem CART Source: Messari
From the distribution of DePin projects via different chains, it mainly comes from ETHEREUM, Solana, iotex and Polygon. Among them, the number of DePin projects on Ethereum and Solana is 54 and 36, respectively. Meanwhile, Depinscan data shows that the total number of DePin devices has exceeded 18 million, with the spread of the contract in 195 countries and region, mainly concentrated in Asia, the United States, North America, India, Southeast Asia, Africa and Europe.
In addition, the DePin financing meter also witnesses significant growth. According to the Messari’s August Depin Industry report, the DePin financing scale increased by 296 % on an annual basis, as one larger $ 50 million financing has been completed by IOTEX in April. Other top five projects, including IO.NET and DIMO and daylight, enjoy deep cooperation with iITEX in verifying data, computing outside the chain or capital layers.
However, the total revenue in the Defi sector is not optimistic. DEPIN.ninjia data shows that, as of September 19, the cumulative revenues of the 10 best DePin projects are only $ 1.023 million.
The capital flows, and the competitive scene may undergo major changes
Currently, the DePin market also welcomes more competitive variables and growth opportunities.
On the one hand, some institutions have launched the investment funds on a large scale. For example, Capital Londres Capital recently launched a $ 100 million DePin box, with LPS including Blockchain PeQ on DePin, Solana Foundation and Jump Crypto; HWAWANTMENTS and GEWAN Holding Investment Companies in the United Arab Emirates plan to launch a $ 500 million fund to invest in DePin and other fields; Bitrue Ventures launched an investment fund worth $ 40 million focusing on DePin and RWA; Sollong has announced a new $ 30 million financing plan for the reinforcement of DePin and Ai Development; The LeMnisCAP investment company announced that it had raised a $ 70 million fund focusing on early Web3 projects such as DePin.
On the other hand, a large number of newly supported DePin projects have entered the market. For example, the parent company of Renewable Energy DePin Project Zero, Fuse, has announced the completion of $ 12 million strategic financing led by Multicoin Capital; The DePin Tracking Network Wingbits has completed a 3.5 million dollar seeds with a border and tribe capital; The Depin Andrena project has completed the headquarters of $ 18 million of financing led by Dragonfly; DePin Daylight Daylight on the basis of the base received $ 9 million of financing from the A16Z Crypto series; Depin Network Verida has completed funding from the seed tour of $ 5 million with the participation of Simurg Labs, O-DE Capital Partners and Chaitech Ventures; The Depin Layer 1 PeQ Broch 20 million dollars in the Coinlist menu; Depin Projectless completed a total of $ 8 million in pre -seeds and seeds, including pre -financing of seeds led by NGC Ventures and Post Round Pustranting by M31 Capital and Frahtis. The enthusiasm of the capital market also emphasizes the powerful development capabilities and DePin.
Regarding the rapid development of DePin, the Chief Executive Officer of Helium Abhay Kumar indicated during a round table discussion at Tokeen2049 that traditional markets that use high -resolution positioning services, to some extent, have prompted DePin development, and providing customers to provide more competitive value, including Low costs, better coverage, ease of integration, with application scenarios including civil measurement, high -resolution maps, construction, agriculture and more. The attention of the cryptocurrency market is now expanded from recreational aspects such as trading or storing value for real world applications, as billions of consumers and millions of companies depend on mapping in the Helium issue alone. In order for the cryptocurrency sector to become more important and more important in the next five or ten years, the encrypted currency products and services must succeed. Mike Horton, CEO of Geodnet, added during the round table that a healthy and balanced symbolic economy is a powerful tool for DePin, which can restore the actual use of the network and the network value of users. With the growth of the network, the value of the symbols will increase.
In a recent report on the Depin field, Rating Moody also indicated that DePin can help current networks to expand and innovate. Specifically, current network operators such as telecommunications companies and utility companies face increasing requirements for users, which requires the development of intense capital infrastructure. Using decentralized models can help reduce some of this pressure while maintaining competitiveness as IOT IOS disrupts traditional business models. By combining the established parts of the regime’s backbone with building blocks of the District Professor’s book technology (DLT), DePin has the ability to improve the reliability and efficiency of the network while reducing operational costs and improving cooperation in the field of resources and industry.
However, Moody’s also pointed out that the DEPIN’s wide adoption faces great obstacles, including organizational and inter -operational issues, cybersecurity risks, enormous investment requirements for infrastructure and skills, as well as various risks of unclear regulations that may hinder their growth.
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