DePIN Tokenomics Part 3: What Drives Valuations? DRNs vs. PRNs, Fundamentals, Liquidity Premiums, Scalability, and More

DePIN Tokenomics Part 3: What Drives Valuations? DRNs vs. PRNs, Fundamentals, Liquidity Premiums, Scalability, and More

Table of Contents

In Part 3 of our DePin Tokenomics series, we dissect structural drivers that make up assessments via DEPIN protocols. By comparing digital resources (DRNS) networks and physical resources networks (PRNS), we explore how basic basics such as generating revenue, capital density, and expansion models in the evaluation between the two categories contribute. However, our analysis reveals that access to liquidity, especially through the main central exchange menu, often plays a more decisive role, leading to the payment of assessment premiums that cannot be fully explained by the basics alone. This report provides a framework for understanding how these dynamics interact and provides basic visions for founders and investors who move in the developed scene.

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