🚨 NEW REPORT ALERT 🚨 1/ Just released: The Block's 2025 DePIN Report breaks down the movement by exploring who's building it, what trends are driving it, how it's funded, and where it's going. Thanks to @ionet for commissioning the report. Key insights and report link below 👇

2/ Compute DePINs are balancing privacy with scalability. 's IO Intelligence keeps private AI tasks local while scaling intensive workloads to the cloud, providing developers with a censorship-resistant, privacy-conscious foundation for deploying and scaling intelligent applications.

3/ DePIN is driving real-world impact. @Hivemapper's work in Mississippi demonstrates how user-owned infrastructure can respond faster, reach further, and serve more equitably than traditional alternatives.

4/ While multi-token models were designed to separate governance, utility, and rewards, DePIN projects are shifting toward simpler single-token systems. @helium , for instance, deprecated its $IOT and $MOBILE tokens in favor of a unified $HNT model under HIP 138.

5/ Since 2024, over $740M has poured into DePIN projects across more than 250 deals. This surge reflects growing institutional conviction in DePIN as a scalable, investable trend.

6/ Of the 165+ disclosed rounds, the 5 largest raises accounted for $163M, representing nearly 22% of all DePIN capital raised since 2024. This concentration highlights the outsized influence of breakout projects in shaping the funding landscape and boosting investor confidence.

7/ As the ecosystem continues to evolve, DePIN is reshaping how physical infrastructure is deployed and coordinated, solidifying its position as a foundational layer of Web3. Read the full report here 👇