Messari: Financing in the DePIN field increased by 296% year-on-year, and the total market value increased by 400% to US$20 billion

Messari published an article on X stating that as of August, the DePIN field continued to grow, with financing increasing by 296% year-on-year and total market value increasing by 400% to $20 billion. By market value, seven of the top eight DePIN protocols are digital resource networks (DRNs), with a total market value of $12.2 billion, and Helium is the only physical resource network (PRN) to enter the top eight in market value. However, the growth in market value is not correlated with the growth in revenue, and revenue for all DePIN protocols remains low. The overall lack of revenue growth reflects that the DePIN industry continues to be primarily demand-constrained.