Home BlockchainDePIN Tokens Lag, Revenues Rise as Sector Is Forced Into Fundamentals

DePIN Tokens Lag, Revenues Rise as Sector Is Forced Into Fundamentals

by Vivek Kumar
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DePIN Tokens Lag, Revenues Rise as Sector Is ‘Forced Into Fundamentals’

In brief

  • DePIN tokens are down as much as 99% from all-time highs, even as revenues climb.
  • The sector now generates tens of millions in annual on-chain revenue.
  • Projects are increasingly focused on financing models and enterprise use cases, including AI.

Low token prices continue to weigh on decentralized physical infrastructure networks (DePIN), but revenues across the sector are showing signs of resilience, according to a report from Messari.

Most DePIN tokens stagnated or declined in 2025: Tokens…

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