2024 DePIN Report: Key Insights on Global Network Expansion

Unveiling the 2024 DePIN Status Report: A Deep Dive into Decentralized Infrastructure

According to a recent report by Messari, titled '2024 DePIN Status', significant strides have been made in the realm of decentralized physical infrastructure networks (DePIN).

Explosive Growth of DePIN Devices

The report highlights that more than 13 million devices are currently contributing to DePIN nodes worldwide. This astronomical figure underscores the increasing adoption and reliance on decentralized networks.

Leading Networks on Solana

Four out of the five largest networks identified in the report—Grass, Dawn, Roam, and Gradient—are operated on the Solana blockchain. These networks are at the forefront of the DePIN revolution, providing essential services to users globally.

The Wireless Revolution and User Growth

One of the standout features of the report is the advent of a wireless revolution. Helium Mobile, for example, has successfully surpassed 100,000 mobile users, indicating growing consumer trust and an expanding user base.

WiFi Accessibility Across Millions

Network DAWN currently provides WiFi services to 1.5 million households. Meanwhile, Roam has marked an impressive milestone with 82 million check-ins across 1 million WiFi hotspots globally. This emphasizes the vast reach and utility of these decentralized networks.

Surge in Computational Demand

The report details a remarkable uptick in computational demands, primarily highlighted by Render's decentralized GPU network, which experienced a staggering 325% revenue increase from the second to the fourth quarter of 2024. This growth suggests an escalating need for decentralized computational resources.

Emergence of Peer-to-Peer Energy Markets

The peer-to-peer energy market is witnessing significant development, with Starpower deploying over 16,000 devices in Asia and Srcful pioneering a decentralized energy network within the EU. Moreover, Decharge is making strides by promoting its 7kW electric vehicle chargers in India and Southeast Asia.

Increasing Demand for Proxy Data

With the rise in decentralized infrastructure, the demand for proxy data is also escalating. Geodnet reported that its RTK base stations have topped 10,000 units. In addition, NATIX has mapped over 100 million kilometers, while Cudis boasts a mapping heart rate of over 2 million.

Conclusion: Preparing for Acceleration in DePIN Development

The report concludes that the first phase of DePIN's development has come to an end, but anticipation is building for significant acceleration in the near future. As decentralized networks continue to expand and innovate, staying informed about the latest trends is essential.