DePIN sector attracted $1 billion funding in 2025, but generated $72M in onchain revenue

Messari dropped its State of DePIN report for 2025, and it draws attention to the sector’s maturation as it shifted from speculative experiments toward infrastructure businesses generating real revenue.  According to the report, by the end of the fiscal year 2025, the entire DePIN sector, worth $10 billion, had generated an estimated $72 million in […]