Decentralized physical infrastructure networks (DePINs) have grown into a $10 billion market, generating $72 million in revenue last year. Despite DePIN token prices dropping significantly, leading projects now show verifiable revenue and are considered undervalued. Revenue growth in DePIN has outperformed DeFi and layer-1s in the bear market.

The DePIN sector is shifting towards revenue-generating networks driven by real-world usage. Leaders now focus on utility and cost advantages, rather than subsidies. Messari’s DePIN Leaders Index highlights 15 projects with at least $500,000 in annual revenue and $30 million raised. DePIN tokens like Helium (HNT) and GEODNET (GEOD) saw revenue growth despite price declines.

InfraFi, an emerging DePIN/DeFi hybrid model, involves stablecoin holders financing infrastructure projects and earning yield. DePIN tokens resemble next-gen infrastructure businesses and have potential for success. The networks that can cater to enterprise and AI-driven demand sectors reliably are likely to capitalize the most. Last year, DePIN sector raised $1 billion, showing growth potential.

Read more at Cointelegraph: Messari Calls DePIN a $10B Sector with Resilient Revenues