Crypto: DePIN Returns Strongly With A $10B Market, According To Messari
Messari renews attention on a forgotten crypto sector. We refer to DePIN networks which show solid growth and real revenues, despite tokens in free fall.
In brief
- DePIN projects generate real revenues despite the collapse of their tokens on the market.
- InfraFi inaugurates a new crypto era focused on concrete profitability and economic utility.
DePIN projects surprise with unexpected performance
The “State of DePIN 2025” report by Messari values the market at 10 billion dollars. The data reports $72 million in onchain revenue generated over the year. The DePIN project Helium records, for example, an 800% increase in its revenue, despite a 77% drop in the price of its token.
This dynamic contrasts with the difficulties of DeFi protocols and traditional crypto blockchains, often weighed down by speculation. DePIN is part of a real usage logic: sensors, energy, bandwidth or even distributed storage.
The “DePIN Leaders” index lists 15 crypto projects generating at least $500,000 annually, without relying on tokenomics inflation or massive subsidies.
Messari highlights a break with old crypto models. DePIN projects thus operate in a more rational framework. Investors bet on the ability to produce income, not on hollow storytelling.
InfraFi redefines profitability of decentralized crypto networks
The Messari report highlights another point: the emergence of a new generation of hybrid models in the crypto sphere. We refer to InfraFi which allows using stablecoins to finance physical infrastructures (notably fleets of GPUs and solar panels). In return, users receive a yield linked to the revenues generated.
Various crypto projects such as USDai, Dawn, and Daylight embody this trend. They attract capital not on the promise of a pump, but on the basis of real profitability. In 2025, more than one billion dollars were raised to finance these initiatives. This confirms the growing interest in decentralized infrastructure projects.
According to Messari, this segment could become central for Web3 businesses (notably in AI and robotics, about to surpass crypto-assets).
DePIN therefore marks a turning point in the crypto universe. The current dynamic could well pave the way for a new era. Story to follow…
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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.