Kyle Samani, co-founder of Multicoin Capital, posted on X that Helium, Hivemapper, and io.net currently generate a total revenue of more than $50 million. By 2025, the revenue of these three projects will exceed $100 million.
Coupled with many other DePIN projects on the Solana chain, 2025 will be looked back on as a breakthrough year for DePIN.
Earlier today, Messari analyst Dylan Bane posted on X that according to Messari's forecast, DePIN industry revenue will exceed $150 million next year. Entering 2024, the supply side of DePIN has been established, but the demand side has limited revenue and cannot verify the DePIN model. During the year, several protocols generated 7-digit or even 8-digit revenues, indicating that DePIN has the potential to capture the demand side that has constrained growth so far.