DePIN Market Surpasses Expectations with $10 Billion Valuation

The DePIN market has achieved an estimated valuation of $10 billion, contrary to predictions of its decline. According to NS3.AI, despite a significant drop in DePIN token prices, ranging from 94% to 99% from their peak values, major projects continue to generate consistent on-chain revenue. Last year, this revenue amounted to $72 million, highlighting a disparity between token prices and the underlying project fundamentals. This suggests that the market may be undervaluing these projects.