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DePIN Crypto Projects

Decentralized Physical Infrastructure Networking (DePIN) is a growing area in the world of blockchain technology and cryptocurrency.

In this guide, we’ve conducted thorough research review and explore the best DePIN crypto projects to watch closely this year, explain how DePIN projects work, their pros and cons, and whether you should consider investing in DePIN coins.

Best DePIN Crypto Projects List

In the following section, we’ll review each of these DePIN projects, covering their use cases and future price potential.

  1. Filecoin (FIL) – Top DePIN Coin Under the Decentralized Cloud Storage Solution Banner
  2. Theta Network (THETA) – One of the Most Undervalued DePIN Coins On the Market
  3. Render (RNDR) – Best DePIN Coin With Utility Across Many Areas of Blockchain
  4. Streamr (DATA) – DePIN Coin Backed by a Real-Time Data Exchange Protocol
  5. Bittensor (TAO) – Network of Machine Learning Models Backed DePIN Coin
  6. Storj (STORJ) – DePIN Coin Supporting Decentralized Cloud Storage Solution
  7. Internet Computer (ICP) – Native Asset Behind a Decentralized Computing Protocol
  8. BitTorrent (BTT) – Cryptocurrency Backing Decentralized File Distribution DePIN Project
  9. Bware (INFRA) – DePIN Coin Supporting Decentralized Infrastructure Service
  10. Arweave (AR) – Governance and Utility DePIN Crypto for Data Storage Solution Platform

Top DePIN Coins to Watch in 2024 – In-Depth Reviews

Below, we delve deep into a review of the top DePIN coins in the market. Some of these digital assets have brought multiple percentage gains to several traders and investors and may be what your portfolio is missing.

1. Filecoin (FIL) – Top DePIN Coin Under the Decentralized Cloud Storage Solution Banner

FIL is the native asset behind Filecoin. This is among the projects operating under the decentralized storage system banner. Its primary goal is to use its platform to store man’s most essential information.

As a DePIN coin, FIL oversees all transactions on the network. There are several pros to investing in Filecoin. Among others is its low price of around $6 at the time of writing, which makes it a low barrier to entering the market. With just $120, you could walk away with 20 FILs, and a price spike could double, triple, or quadruple your investment capital.

Filecoin DePIN Crypto Project

As of this writing, FIL could be found on more than 50 crypto exchanges (including Binance, HTX Global, OKX, DigiFinex, Bybit, Bitget, Coinbase Pro, Gate.io, KuCoin, and Kraken). FIL is also supported by eToro and can be accessed instantly after you sign up, verify your account, and deposit funds.

More than $50 million has also been locked in existing Filecoin projects. These metrics point to a healthy ecosystem, which could see its coin rise to new all-time highs with the addition of DePIN projects. As of this writing, FIL was trading for $5.74, continued to see a minimum daily trading volume of $100 million throughout May, and had a market capitalization of approximately $3.1 billion.

FIL’s current price is more than 90% below its ATH price of $237.24, attained during the peak of the market in April 2021. Despite the plunge, according to many crypto analysts, the coin could command an average price of $8.81 and a best price of $10.12 by the end of 2024. This means that buying can result in gains before the end of the year.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

2. Theta Network (THETA) – One of the Most Undervalued DePIN Coins On the Market

Theta Network is another DePIN crypto project to watch today. THETA is the native DePIN coin of Theta Network, a layer-one blockchain and decentralized infrastructure for entertainment, artificial intelligence (AI), and video use cases. Its primary network can be broken into two complementary systems. They are the Edge Network and the Theta Blockchain.

Theta Network DePIN Project

The Edge Network comprises the computation, storage, and delivery of AI tasks, as well as the delivery of video streams, among others. On the other hand, the Theta Blockchain is primarily tasked with dealing with the normal DeFi services such as staking, rewards, and payments.

At the forefront of the Web3 revolution, several media conglomerates are using the Theta blockchain to drive various aspects of their businesses. Some of these areas include user engagement and revenue.

As a highly decentralized content delivery network (CDN), the THETA network enables platforms such as Twitch, Netflix, and YouTube to cut operation costs by using its solutions. This, in turn, helps large video platforms save money. Associating with such major corporations brings huge mileage to its native asset, and this confers extreme potential demand for it.

The team continues to partner with major companies across the globe. Theta Network partnered with two of the leading media companies in South Korea in 2018. The aim of the partnership was to source Theta’s solutions to boost viewer engagement in the Asian country.

Theta Price Prediction 

According to analyst Elena R. at CoinPedia, THETA could reach the best possible price of $7.09 by the close of 2024 and surpass its ATH price of $15.90 by 2026, where it could trade for more than $20. THETA has soared by more than 200% year-to-date (YTD).

Broad marketing of DePIN projects and partnerships by the Theta Network team could be the primary spark that could propel the coin to new price highs in the future.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

3. Render (RNDR) – Best DePIN Coin With Utility Across Many Areas of Blockchain

The next on this list of DePIN crypto projects is Render. RDNR is one of the most popular DePIN coins on the market today. It was launched in April 2020. The Render Network is among the first decentralized Graphic Processing Unit (GPU) networks deployed on Ethereum. 

Render DePIN Coin

In its four years of existence, the protocol behind the RNDR coin has been connecting studios and artists. The two parties are in search of computing power from GPUs. These GPUs are rented out by miners. With Render, studios and artists do not have to deal with expensive equipment. This is due to having access to some of the most powerful computing resources via the Render Network. 

Pros of Render

RNDR is used to incentivize node operators who supply power in a reward-based system. RNDR is a stakable digital asset, It provides traders with consistent passive income. This is the reason why the coin is supported by some of the best crypto staking platforms. Rehold, Kraken, KuCoin, and eToro are among the supported platforms.

Staking rewards on Kraken are up to 25%. ReHold promises about 150% annual percentage returns (ARPs) on RNDR staking. Global staking market capitalization has surpassed $650 billion. Millions of individuals have been venturing into crypto staking due to their relatively higher APYs. Render’s use cases in 3D films, gaming, and architecture could go a long way in helping the fortunes of the cryptocurrency.

Render is also extensively involved in the metaverse as well as the artificial intelligence (AI) sector. It plays an integral role in machine learning. Machine Learning comes with AI model training and other compute-intensive tasks. 

RNDR is a popular coin supported by the biggest crypto exchanges by daily trading volume, per data from Statista. Some of these trading platforms include Crypto.com, Kraken, Bitget, and Binance. 

RNDR has benefited massively from the rebounding of the market in 2024. It was up by more than 200% as of the writing of this article. It had recorded a minimum daily trading volume of around $100 million throughout May. Its market capitalization was nearing $4 billion.

Read More: Render Jumps 37% Amid Speculation Of Apple Partnership And Excitement Around DePIN

Render Price Prediction

Analysts believe RNDR will end 2024 with a higher price than the ATH price of $13.60 recorded in March 2024. Many of them believe it will reach the best possible price of $20 by the year’s end in 2024. RNDR could cross $50 in the long term, they added. 

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

4. Streamr (DATA) – DePIN Coin Backed by a Real-Time Data Exchange Protocol

DATA is the native asset of Streamr. Instead of relying on trust, Streamr relies on the possibilities of cryptography. It was crowdfunded in 2017. It is a real-time data infrastructure with P2P features that accommodates an online platform. The popular DePIN project also houses several tools that will drive the new data economy. 

Streamr DePIN Project

Streamr comprises three things: They are a set of tools tailored to the needs and interests of those who work with real-time data. The second is a trading platform (marketplace) where data is traded and sold. Lastly, Streamr also provides a high-speed message network that operates in real-time. 

Many blockchain enthusiasts have tagged Streamr as a platform that will be playing a massive role in the Web3 sector. It will be overseeing activities in Internet of Things (IoT) devices, decentralized applications (dApps), and other innovative technologies. 

How does Streamr work?

To better understand this, let us consider PoS coins. Holders (stakers) of these coins contribute to the validation of transactions, therefore securing the PoS network. In return, they earn rewards in the form of tokens. 

With this in mind, you should understand that Streamr is the network and DATA is the cryptocurrency. Therefore, those who provide bandwidth (validation) to the decentralized network are rewarded with DATA tokens. 

Is Streamr safe? Yes, Streamr is safe because it is built on top of the Ethereum blockchain. Some of Streamr’s features include being highly scalable, censorship-resistant, and extremely secure.

DATA is not much of a popular DePIN coin but it is supported by mainstream centralized and decentralized exchanges. Popular centralized exchanges that list the coin for trading are Binance and Coinone. For DEXs, it can be found on Uniswap. 

DATA is a profitable cryptocurrency. As of May 10, 2024, DATA remains in green YTD. It had risen by more than 100% in the first three months of the year. This is far from its ATH price of $0.3746 in 2018. 

Streamr (DATA) Price Prediction

Analysts at Digital Coin Price believe DATA could surpass its ATH and cross $1 in the 2030s. It remains one of the most underappreciated DePIN crypto projects as well as an undervalued coin. Invest with an eye on the long term and see where it could take you based on your investment goals.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

5. Bittensor (TAO) – Network of Machine Learning Models Backed DePIN Coin

Bittensor is one of the best options for investors of DePIN crypto projects. It was founded in 2019 and launched in 2021. Bittensor tags itself as one of the revolutionary blockchain platforms that aims to decentralize machine learning (ML) and artificial intelligence technologies. 

Although many applications utilized Ethereum’s network, Bittensor employed the possibilities of the Tensor Flow framework. It also relies on the well-adopted PoS consensus algorithm. 

Bittensor DePIN Crypto Project

Use cases and benefits of Bittensor

Bittensor has been used in personalized recommendation systems. It continues to play a crucial role in quality control and predictive maintenance. 

Bittensor has created a platform for decentralized AI development and paved the way for autonomous decision-making systems. 

Bittensor relies on its incentivized community-driven ecosystem. It also thrives on its security features to provide the perfect platform that can help propel AI and ML to a different level. 

TAO is also the primary currency on the platform, and it is used to reward machine learning models. Another positive is that TAO can be found on some of the biggest exchanges by daily trading volume. It continues to see at least $1 million in daily trading volume. Supported exchanges are Gate and KuCoin. You can get your hands on some of the coins by signing up for an account on these platforms. Go through a simple verification process. Deposit funds and start trading.

Unlike the other DePIN coins, TAO’s price is relatively higher and may not be a great token for entering the market. At around $400 as of this writing, it is among the most expensive DePIN coins. As such, it may need huge liquidity in the future before investors can see huge returns on their investments. 

Bittensor (TAO) Price Prediction

Crypto experts at Changelly foresee the coin reaching an average price of $1,086 in 2025. Within the same period, experts believe the coin could see minimum and maximum prices of $1,057, and $1,227 respectively. 

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

6. Storj (STORJ) – DePIN Coin Supporting Decentralized Cloud Storage Solution

STORJ was among the most-written about cryptocurrencies in 2023 due to the advancements in big data and AI technologies.  It is the primary digital currency behind Storj. The leading DePIN project is a cloud storage solutions network contributing immensely to how data is managed and stored. 

Storj relies heavily on its incentivized token economy. It is an open-source network open to the public, and it’s driven massively by its community. 

Storj DePIN Project

According to information retrieved from its website, Storj is highly secured due to its reliance on the latest encryptions, These encryptions make them impenetrable for hackers to break. 

Some of the use cases of the Storj DePIN project are in enterprise data management and storage. Its security and privacy features have made it one of the go-to chains for the development of decentralized applications (dApps). Many companies have also deployed their services for data backup and archiving. 

STORJ is a low-cap digital asset with a market value of approximately $220 million. As of writing, it was trading below 80% of its ATH price in March 2021. The digital asset continues to record a minimum daily trading volume of around $1 million. This makes the coin a healthy digital currency to consider for your portfolio. 

STORJ is easily accessed and traded on platforms such as KuCoin, Upbit, and Binance. It is relatively cheaper when compared to others. Buying and holding for the long term could bring you multiple percentage gains in the future.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

7. Internet Computer (ICP) – Native Asset Behind a Decentralized Computing Protocol

Internet Computer became a hit on the crypto finance market when it was launched in May 2021. The project was promoted as the first blockchain network that aims to decentralize everything on the internet. With a team comprising more than 150 computer engineers, cryptographers, and operational experts, the project overseen by the Dfinity Foundation is a must-watch. 

Internet Computer DePIN Project

Internet Computer was the first project to outline plans for major upgrades to its infrastructure within days of launch. This set a precedent for others to follow due to the project’s development team prioritizing security. Moreover, this protocol is highly decentralized and free from censorship. 

One of the main areas of using the internet is cloud storage. This is where data is stored physically on multiple servers across the globe, with access only granted via the internet. Thriving on its blockchain capabilities, websites hosted using Internet Computer will not be on just a single database but several across the globe. This makes it difficult for several applications running online to be censored since they are free from the control of other cloud providers. 

Its native asset, ICP, is the fuel that oversees all transactions on the protocol. ICP became a tradable asset in May 2021 and began life as a digital asset on a good note. This is the primary reason why the DePIN coin reached an ATH price of $750.73 on May 10, 2021. 

As of writing, ICP was trading below $15. It continues to see daily trading volumes of more than $50 million (indicating impressive investor interest). It had a market capitalization of around $5.8 billion. ICP remains a top-20 digital asset by market value despite the ups and downs in the crypto market. 

Does ICP have a future? 

ICP has a future, and it’s a great DePIN coin to invest in. Aside from the pros outlined above, ICP is one of the most staked cryptocurrencies in the blockchain-based economy. Ranked 12th, as of May 10, 2024, stakers can see an average of 10% annual percentage yield (APY) on their investment. Note that staking is one of the primary drivers of a crypto’s price. 

Where can I get ICP? ICP is one of the most accessible coins out there. Its largest market can be found on Binance. Supported exchanges are Bybit, Coinbase Pro, Gate.io, OKX, KuCoin, and Bitget. In today’s market, ICP is highly undervalued, and it is among the coins you should consider because it has upside potential.

Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

8. BitTorrent (BTT) – Cryptocurrency Backing Decentralized File Distribution DePIN Project

BitTorrent has been used by millions of people to download and share items on the internet. Founded by Bram Cohen, it is a communication protocol that thrives on peer-to-peer (P2P) file sharing. BitTorrent ventured into the blockchain world after seeing how revolutionary the technology is.

BitTorrent DePIN Crypto Project

Pros of BitTorrent

BitTorrent it incentivizes millions of users to share files via high-speed internet downloads. It employs a redundancy tool that ensures the availability of files when users are offline. Also, efficiency is one of the hallmarks of BitTorrent, as large files are broken into pieces, enabling relatively faster transfers. 

BitTorrent has extensive use cases. Apart from sharing files (software, music, and movies), it can also be used to distribute content. According to the TechReport, BitTorrent has more than 170 million monthly users, and this leads to an estimated annual revenue of $20 million.

9. Bware (INFRA) – DePIN Coin Supporting Decentralized Infrastructure Service

INFRA is the DePIN crypto behind Bware, an ecosystem with the necessary infrastructure where blockchain builders can find the necessary tools to contribute to Web3 development.

With this, Web3 builders have access to tools that will facilitate the development of various applications from development, production, release, and beyond. This is why many industry experts have tagged the DePIN crypto project as one that will play an instrumental role in the global adoption of blockchain technology.

Bware DePIN Crypto

One of the main reasons why you should consider buying Bware’s INFRA comes from its backers. Projects such as Avalanche, Spartan, Hypersphere, Infinity Ventures Crypto, Impossible Finance, Nabais Capital, CoinGecko, Nexo, Figment Capital, GBV, Kosmos, and StakeBorg support Bware.

It also has the support of DappRadar, a platform that tracks decentralized applications (dApps), non-fungible tokens (NFTs), NFT marketplaces, and blockchain games. Moreover, the project is extremely underrated because of its potential use cases in the future.

Developers can tap into the protocol’s tools to develop applications. Aside from this, enterprises can also tap into the possibilities of the project’s highest-performing infrastructure to help meet the needs of their users. Bware has more than 100 enterprise customers, 60 validators, supports 31 chains, and has more than $500 in total value locked (TVL).

Bware (INFRA) Price Prediction

Analysts at Digital Coin Price believe INFRA could be above $1 again before the end of the year. According to them, INFRA could trade for an average price of $1.43, a minimum trading price of $0.62, and a maximum trading price of $1.56 by the end of 2024. The same analysts believe INFRA could surpass $10 in the long term (2030s).

10. Arweave (AR) – Governance and Utility DePIN Crypto for Data Storage Solution Platform

AR is the DePIN coin behind Arweave, a decentralized storage network that aims to provide indefinite storage of data to other platforms. The Arweave network operates similarly to Bitcoin. The only difference is that it is a permanent and decentralized website operating inside an open ledger, providing data services.

Arweave DePIN Project

After six years (having been launched in 2018), Arweave continues to be widely adopted by mainstream organizations. The DePIN coin that serves as the main utility token on the platform is AR.

AR is used to pay miners for storing information on the network. iT continues to be adopted by several institutions. A great example of this can be attributed to Anchorage Digital Bank’s support for the digital asset

. On May 9, Anchorage announced that it had added qualified custody support for AR. This has exposed the coin to Anchorage’s institutional investors and was the main driver behind the asset’s recent price spike.

AR is among the most patronized DePIN crypto coins on the market and has the support of major exchanges. The coin’s largest market can be found on Binance, OKX, Bybit, Gate.io, Bitget, KuCoin, HTX Global, BitMart, MEXC Global, and Crypto.com.

Arweave (AR) Price Prediction

Experts at Coin Codex, who have combined fundamental and technical analysis, remain bullish on the fortunes of AR. According to them, it could reach the best possible prices of $136.25 and $113.55 by the close of 2025 and 2026, respectively.

What is a Decentralized Physical Infrastructure Network (DePIN)?

DePIN, the abbreviation for Decentralized Physical Infrastructure Network, is a new concept in the growing blockchain, crypto, and decentralized finance (DeFi) worlds.

DePIN came into this growing industry to employ the capabilities of decentralized networks and blockchain technology to operate and also manage infrastructure that can be seen. Examples of such physical infrastructure include, but are not limited to, buildings, communication networks, water management systems, transportation systems, and energy grids.

DePIN Protocols

With DePIN, there will be less reliance on the management and operations of the aforementioned infrastructure, which are largely in the hands of centralized entities across the globe. Just as the introduction of crypto has gone a long way toward reducing the transaction process and its associated fees, the new mix of blockchain and physical infrastructure will improve the efficiency, scalability, and security of the various applications that are used to run them.

In the long run, the evolution of blockchain into this area will serve as a foundation that paves the way for more fortified and impenetrable digital infrastructure services. Community involvement and participation are two of the main aims of DePIN. Aside from this, it intends to rely on blockchain-based smart contracts for security and automation. More importantly, it will help in the decentralization of the decision-making process (governance).

How do DePIN Projects Work?

DePIN merges blockchain technology with physical infrastructure, making the facilities more fortified and decision-making more fair due to the spread of power and control. A great example of how DePIN works can be attributed to individual homes and energy companies.

Millions of residents worldwide rely on public and private energy companies for electricity. With DePIN, individual homes with excess electricity from their own solar panels can directly sell electricity to their neighbours.

What’s more, they can securely sell some of the extra electricity to the community’s grid using blockchain technology.

Below are key features that thoroughly explain how DePIN works:

  • Distributed Network: Operating on a decentralized network allows for fair decision-making and P2P interactions among DePINs.
  • Smart Contracts: DePIN uses self-executing contracts that are immutable, tamper-proof, autonomous, decentralized, and transparent to govern infrastructure operations.
  • Tokenomics: This encompasses three things: the creation, distribution, and management of digital assets. It also involves their potential risks, benefits, and use cases. DePINs have their own native assets. Examples of DePIN tokens earlier mentioned include Filecoin (FIL), Render (RNDR), Internet Computer (ICP), and Arweave (AR). These digital assets are used extensively for governance purposes, transactions, and rewards.
  • Management of Infrastructure: With this, DePIN helps several communities take control of their physical infrastructure by being involved in a decentralized government.
  • Predictive Maintenance: Artificial intelligence (AI) predictive maintenance and Internet of Things (IoT) sensors are used by DePIN to prevent failures due to the optimization of infrastructure.
  • Peer-to-Peer (P2P) Energy Trading: Crypto exchanges such as Binance have P2P services where traders can directly exchange their digital assets for fiat currency (example, trading USDT for USD, EUR, or GBP). With DePIN and P2P Energy Trading, Mr. Smith (individual) or Smith & Sons (business) can purchase and make sales from excess energy. The long-term effect is the reduction of waste and the promotion of different sources of renewable energy.
  • Distributed Governance: This decentralized governance model by DePIN ensures community-driven decision-making by granting token holders the right to vote on proposals.
  • Open-Source Capabilities: Open source is being used by thousands of blockchain projects, and DePIN projects are among them. With this, the source code is public, so interested users (developers) have the freedom to distribute, modify, and use the platform.

Pros of DePIN Crypto Projects

Below are some of the pros of DePIN projects that are gradually working up to the entire blockchain and physical infrastructure markets.

  • Gone are the days where centralized authorities controlled all aspects of transport, telecommunications, and energy. With DePIN, everyone has equal access to contributing to things that were once in the hands of a significant few, regardless of their financial or geographical position in society.
  • Security: DePINs have capitalized on the robust security potential of blockchain and its resistance to tampering by third parties. Like other blockchain projects, users will find them transparent due to their public nature.
  • Many sectors that employ blockchain have seen an improvement in their operations, and so would their physical infrastructure. DePINs will help reduce waste and fully optimize the allocation of resources.
  • The success of crypto projects is not solely for backers but for traders as well. Extensive usage of DePIN tokens falls in line with the features of currency money (especially utility and medium of exchange). In the long run, there could be a spike in demand for the native assets of projects. This will in turn reflect positively on the values of those cryptocurrencies.

Cons of DePIN Crypto Projects

While DePIN shows a lot of promise, it is still operating within the blockchain-based economy. This means that it is subjected to the same negativity, disadvantages, and demerits as other blockchain projects.

  • Volatility Problems: Many institutional investors and venture capitalists will back DePINs during an uptrend, many could exit when the market nosedives. This leaves questionnaires concerning the stability and funding of DePINs.
  • While DePIN has been tagged as decentralized and community-driven, governance in blockchain is still centralized in many ways. Through tokenomics, we have learned that individuals with the most tokens are better positioned to play an instrumental role in the decision-making process. 
  • Many crypto projects, at one point in time, suffered a cyberattack. Ethereum Classic came into existence due to a hack. Crypto exchange OKEX rebranded to OKX due to an attack on its platform, which is directly linked to blockchain-based cryptocurrencies. 
  • There are two types of validation transactions on the blockchain. They are Proof-of-Work (PoW) and Proof-of-Stake (PoS). While modern chains are settling on PoS due to environmental concerns, maintaining security over telecommunications, transport, and other essential areas of our lives will require its alternative, PoW.
  • Extensive technical expertise is needed to be able to rise to the challenge of fulfilling the capacities of a DePIN. 

Top DePIN Coins By Market Cap

Here are the top 10 largest DePIN crypto projects by market capitalization as of May 14, 2024, according to CoinGecko:

Project Market cap Category
Render (RNDR) $4,025,034,677 Compute resources
Filecoin (FIL) $3,050,004,282 Data storage
The Graph (GRT) $2,595,092,869 Indexing protocol
Arweave (AR) $2,566,323,038 Data storage
Theta Network (THETA) $1,988,432,286 Content delivery network
Akash Network (AKASH) $1,210,671,521 Compute resources
BitTorrent (BTT) $1,129,052,556 Data storage
AIOZ Network (AIZO) $845,064,521 Data storage, Streaming
Helium (HNT) $421 million $789,005,415

Conclusion

The DePIN market offers an array of opportunities for financial growth, with widely known crypto assets have generated substantial gains in the best. However, the next DePIN coins to consider need to be researched strategically and thoroughly to avoid risks.

To conclude, this guide has provided an in-depth analysis of the best DePIN crypto projects on the market, highlighting their various use cases and the potential they have going forward. Although the DePIN market is volatile in nature at present, these crypto projects remain highly sought after.

Disclaimer: The information in this article should not be considered anything as financial advice, and Crypto2Community is intended only to provide educational and general information. Please remember crypto assets are highly volatile.

FAQs

What is the DePIN sector in crypto?

The DePIN sector in crypto is another part of the industry that aims to decentralize physical infrastructure such as telecommunications, energy, and transportation. The projects come with cryptocurrencies that can be used to pay for services related to the aforementioned industries. More importantly, the projects also grant governance voting rights to all members of a given community, not just a group of individuals considered the significant few.

The top DePIN projects for 2024 based on market capitalization, are Render, Internet Computer, Filecoin, Arweave, Theta, Ocean Protocol, IOTA, Helium, IoTeX, and Golem.

Theta is one of the most vibrant DePIN crypto projects in the space today. It is a blockchain protocol powering decentralized video streaming services. As of writing, Theta was the fifth most valuable DePIN project, with a trading price of $2.04 and a market capitalization of around $2.04 billion.

DePINs are decentralized physical infrastructure networks. Several examples of DePIN crypto projects include, but are not limited to, Bware (INFRA), Arweave (AR), BitTorrent (BTT), Internet Computer (ICP), Storj, Bittensor (TAO), Streamr (DATA), Render (RNDR), Theta Network (THETA), Iotex (IOTX), IOTA (MIOTA), Pocket Network (POKT), Orchid Protocol (OXT), and Filecoin (FIL).