DePIN Revenue Leaderboard
# | Name | ARR | Market Cap (24h Volume) | Multiple | |
|---|---|---|---|---|---|
1 |  Aethir Ethereum | 1.9x | |||
2 |  Glow Ethereum | 0.0x | |||
3 |  Akash Cosmos | 66x | |||
4 |  NodeOps | 0.0x | |||
5 |  Braintrust Base | 0.0x | |||
6 |  Geodnet Polygon | 26x | |||
7 |  Filecoin Filecoin | 694x | |||
8 |  Helium Solana | 251x | |||
9 |  Render Solana | 850x | |||
10 |  Parasail | 0.0x | |||
11 |  IoTeX Iotex | 119x | |||
12 |  Peaq Peaq | 86x | |||
13 |  Edge Native | 38x | |||
14 |  NATIX Solana | 18x | |||
15 |  Livepeer Ethereum | 326x |
Data is displayed based on the last 30 days annualized
Greyed out projects have last been updated 2 or more weeks ago
PROJECTS
2,880
MARKET CAP
$16B
DOMINANCE
2.3%
ARR
$176M
The changes indicate a 30-day period.
Research
ThreeFold: Rearchitecting the Internet
Mar’25State of DePIN 2025
Jan’25State of zk-TLS: Breaking Web2 Monopolies, Vampire Attacks, and Making the Internet Composable
Dec’24Helium: Crowdsourcing a National Telecom Network
Nov’24Decentralized Compute's Final Frontier
Sep’24Opacity Network: Trust but Verify
Jul’24DePIN Re-Staking
Jul’24The Next Frontier in Cloud Computing
Jul’24DePIN Staking
Jun’24DePIN Millenium Prize Problems
Feb’24Disrupting Real World Infrastructure On-chain: A Conversation with Mahesh Ramakrishnan
Jan’24State of DePIN 2023
Dec’23Web3 Coupons
Apr’23Scaling Software with Web3
Mar’23State of DePIN 2022
Dec’22On DeWi Mining Economics
Nov’22FTX’s Death Spiral: When Junk Equity Financing Goes Wrong
Nov’22Radio Physics for DeWi Investors
Oct’22DeWi Network Design Tradeoffs
Sep’22Beyond DeWi Networks
Sep’22DeWi Unit Economics
Jul’22On Digital Commodities Investing
Jun’22Podcasts
Proof of Coverage Podcast: Building the Infrastructure for Onchain Fixed Income Products with Treehouse Finance | Brandon Goh
Follow Proof of Coverage Media: https://x.com/Proof_CoverageConnor and co-host James Lovely, an expert in structured financial products, welcome Brandon Goh, CEO and Co-founder of Treehouse Finance, to explore the intersection of traditional finance (Trad...
DePIN Summit
Annual Gathering of the Top Minds in DePIN
DePIN Summit is annual, invite-only conference bringing together the leading DePIN entrepreneurs, operators, researchers and investors from around the world. Apply to join DePIN Summit 2025.