The DePIN project has raised over $1 billion in total funding

ChainCatcher news, according to CoinDesk, based on a report from Crypto.com, DePIN projects have raised over $1 billion in total funding, some of which have allocated all funds to the DePIN protocol, with a total market value reaching tens of billions of dollars. However, the industry faces one of the oldest challenges in the cryptocurrency space: a relatively small customer base.

Analysts point out that DePIN projects with great potential are those with a clearly discernible demand for underlying services.