The DePIN category is hard to dismiss even in 2026, anon.
🔹 ~$9.3B category market cap today
🔸 ~$72M in FY25 on‑chain revenue
🔹 Leading networks traded around 10–25× revenue
🔸 DePIN startups raised ~$1B in 2025
Updated landscape below. Who did we miss? https://t.co/0lRlLWyo7E
