DePIN Market Update Matrix - July 2025

Project

Category

Key Developments

Market Cap

Fully Diluted Valuation

Key Metrics

Notable Partnerships

Helium

Wireless Network

Partnered with AT&T, expanding in Mexico to cover 2.3M people, $50M grant program for high-traffic hotspots, marketing tools provided

Not specified

$2.66M monthly revenue, 1.1M daily active users, 36TB/day data

AT&T, Movistar (Mexico)

XNet

Wireless Network

Improved tokenomics, received investment, AT&T announcement

$2.7M

$29M

Not specified

AT&T

World Mobile

Wireless Network

Shifted from Cardano to Base Network (L3), connectivity via Starlink for hurricane-affected areas

$106M

$288M

Not specified

Starlink

Carrier One

Wireless Network

Partnered with AT&T, built on SWE blockchain, token launch expected soon

Not launched

Not specified

AT&T

DynX

Compute

Neuromorphic computing, subscription model, updated roadmap, received awards

$3.5M

Not specified

1.5M compute jobs completed

Not specified

Silencio

Data Collection

Noise pollution data app, free to participate, 38.7B data points, 1.1M users, 180 countries

$3.38M

$20M

38.7B data points, 1.1M users

Not specified

Streamr

Data Streaming

Peer-to-peer data streaming, Streamr TV launched, enterprise-grade solution

$17M

Not specified

20% price increase post-Streamr TV launch

Not specified

WeatherXM

Weather Data

Targeted rollouts, partnered with Daba, focus on emerging markets, H2 stations

$12.77M

$21M

100M max token supply

Daba

Anyone

Privacy Network

Strong community sentiment (95%), hardware review planned

$40M

Not specified

Dabba Network

Wireless Network

Wi-Fi for India, 13K hotspots sold, 5,187 installed, partnered with LCOs, government backing

Not specified

12,000TB data, 5,187 hotspots installed

WeatherXM, Indian government

Deep Network

Compute

Plug-and-play nodes, revenue from NerdNode, 50-50 revenue split, batch sales to match demand

Not specified

NerdNode

Flux

Compute

Fully decentralized cloud compute, works with Web2 companies

$73M

Not specified

375 AI

Data Collection

Edge data processing with NVIDIA chips, Outfront Media partnership, 375 Edge/Street, Go app

Not specified

Outfront Media

Conduit Network

Compute

Decentralized AI and cloud compute, focus on sustainable business models

Not specified

Tashi

Gaming Compute

Powers gaming protocols, focus on reducing costs (e.g., Roblox)

Not specified

Wingbits

Data Collection

ADS-B flight tracking, satellite launched, token incentive model, partnered with GeoNet

Not specified

GeoNet

Rover

Data Collection

LIDAR for HD mapping, Tarantula X and LightCone, $2.6M seed round, GeoNet partnership

$1.386M

$128M

Not specified

GeoNet, Borderless

GeoNet

Data Collection

RTK for precise location data, 18,600 miners, $15M financing, 1.5% token burn

$53M

Not specified

18,600 miners, 1.5% token burn

Multicoin Capital, Wingbits, Rover

DEMO

Data Collection

182,546 cars connected, subscription model backlash, partnerships in Japan and Latin America

$7.98M

Not specified

182,546 cars, $45M potential annual revenue

Kauffman, Amazon

HiveMapper

Data Collection

33% of world’s roads mapped, partnerships with Lyft, Scramble, TomTom, 808K token burn

Not specified

808K token burn

Lyft, Scramble, TomTom, NBCUniversal

Exabits

Compute

Decentralized AI data centers, $12M ARR, $15M raise, token launch Q3

Not specified

$12M ARR

Cache Network, Render, Aether, Ionet

Render

Compute

Airbnb for GPU power, $1.3B market cap, partnerships with Apple, Sphere in Vegas

$1.6B

Not specified

Apple, Sphere

Nosana

Compute

GPU network on Solana, 295 hosts, 1.7M deployments, focus on AI inferencing

Not specified

1.7M deployments, 859 running

Not specified

Ionet

Compute

GPU clustering, 614 GPUs, $12.5M ARR, CEO stepped down pre-launch

$115M

Not specified

$12.5M ARR, 256 GPUs hired

Not specified

Cache Network

Compute

H200, H100, A100 GPUs, high utilization, $274M market cap

$274M

Not specified

Aether

Compute

432K GPUs/containers, $141M ARR (disputed), $300M market cap

$300M

Not specified

$141M ARR

Not specified

Arweave

Storage

Permanent storage, 70-80% of Solana NFTs stored, AO supercomputer, 7 years established

$330M

Not specified

Fractals

Investment Platform

Fractional ownership in DePIN deployments, professional installers, partnered with XNet

Not specified

XNet

Havelo

Compute

Optimizes compute resource monetization, $598K market cap

$598K

Not specified

ADO

Data Collection

Monetizes IoT devices, partners with 375 AI for camera onboarding

Not specified

375 AI