📝 Editor’s Note:
Good morning, and welcome to OurNetwork’s latest, the second issue in a two-part series covering DePINs. As stated in the first issue, valuations for DePINs have come down, potentially making the networks’ respective assets more attractive investments.
Below, we have analysis from Vinayak of EV3, a venture firm focused exclusively on DePINs. The pseudonymous ismarty, chipped in with onchain coverage of Grass, a DePIN which allows users to monetize their unused internet bandwidth.
Alex also covered DIMO, the decentralized network and marketplace for vehicle data, and OurNetwork’s Brandyn dug into Akash, the cloud computing marketplace.
– ON Editorial Team
ON–353: DePIN Part 2 🛜
Sector Update | Grass | DIMO | Akash
👥 Vinayak Kurup | Website | Dashboard
📈 DePINs are Generating Revenues, Continuing to Expand, and Due to a Large Sector-Wide Correction, are Currently More Attractive than Ever
While DePIN tokens were crushed over the last six months on the public market, DePIN networks continued to show strong growth with teams delivering on their promise to utilize crypto economic incentives that fuel real-world utility. DePIN flips the traditional model on its head, transferring the central locus of control from CapEx and OpEx-heavy industries to individual operators across wireless, telecom, compute, and energy networks.
However, even as flagship DePIN projects continue to make good on their promises, token valuations have been crushed over the last three months in the public markets, repricing these assets to more attractive valuations.
