DePIN Industry Revenue Projected To Surpass $150 Million In 2024

According to Foresight News, Messari analyst Dylan Bane has tweeted that the DePIN industry is expected to generate over $150 million in revenue next year. As 2024 approaches, the supply side of DePIN has been established, but the demand side's revenue remains limited, making it challenging to validate the DePIN model. Throughout the year, several agreements have generated seven to eight-figure revenues, indicating that DePIN has the potential to capture the demand side, which has so far constrained its growth.