RT Dylan Bane (@dylangbane)There are only ~3 viable paths to scale a DePIN.1. InfraFi - stablecoin holders earn yield from financed infra.2. CapEx Light - networks needing millions, not billions in capital.3. Bull market timing - fastest expansion but market dependent.State of DePIN 2025. https://t.co/G90GwEd9J1 ...

RT amir 🇺🇸 (@amirhaleem)great report from the Messari team about the state of DePIN. crypto markets have so far ignored the enormous shift in revenue and value capture of @helium @GEODNET and others in the spaceis @helium $HNT the largest revenue generating non-defi crypto application yet? https://t.co/hqzwEJyDxY ...

Industry Trends - The AI and DePIN sectors are attracting significant attention, potentially leading individuals to dedicate their focus to related projects [1] - Bittensor is gaining traction, with former Messari analysts becoming proponents [1]

DePIN & Creator Economy - DePIN (Decentralized Physical Infrastructure Networks) is becoming a reality for creators [1] - An early testnet partnership evolved into a full-stack, onchain creative economy [1] - Large-scale creator activity provided insights into AI onchain [1] Technology & Infrastructure - Staking fully transitioned to Etherlink [1] - New GPU-powered tools and video generation are simplifying advanced creation for everyone [1]

AI & DePIN Trends - Explores Crypto × AI and how Bittensor is turning AI development into an open, incentive-driven competition [1] - Discusses AI & DePIN trends [1] Bittensor's Subnet Model - Focuses on Bittensor's subnet model [1] - Highlights how the subnet model is used to turn AI development into an open, incentive-driven competition [1] Key Discussion Points - Covers training subnets, investing approach, revenue growth, token strategy, compute & infrastructure, and what's next [1]

DePIN Overview - CertiK Skynet 评估了 BNB Chain 上排名前 20 的 DePIN (Decentralized Physical Infrastructure Networks) 项目 [1] - 该排行榜旨在展示在 BNB Chain 上塑造基础设施的 DePIN 项目，涵盖连接性和计算等领域 [1] Top Projects - 报告重点介绍了排名前 5 的 DePIN 项目 [1] - 完整排行榜可在提供的链接中找到 [1]

Funding & Investment - Crypto projects raised $350 million this week across 28 deals [1] - $1.4 billion in $BTC treasuries [1] - RedotPay, a Hong Kong-based crypto payment platform, raised $107 million [1] - Fuseenergy, a Solana-based DePIN, raised $70 million at a $5 billion valuation [1] Mergers & Acquisitions - Circle made an acquisition [1] - Anchorage made an acquisition [1] Key Players - Goodwater Capital invested in RedotPay [1] - Pantera Capital invested in RedotPay [1] - Circle Ventures invested in RedotPay [1]

Funding & Valuation - Solana-based DePIN project Fuse Energy announced a $70 million Series B funding round [1] - The funding round was led by Lowercarbon and Balderton [1] - The company's valuation reached $5 billion [1]

Industry Overview - The report covers the state of crypto [3] - Explores the convergence of TradFi (Traditional Finance) and Crypto [3] - Discusses the expansion of the Multichain World [3] Emerging Trends - Focuses on Decentralized Internet Finance (DeFi) [3] - Highlights Decentralized AI [3] - Examines DePIN (Decentralized Physical Infrastructure Networks) as the Frontier [3] - Suggests that now is the time for Consumer Crypto [3] Analytical Framework - Introduces a Disruption Factor: A Proof-of-Concept Framework [3] Additional Content - Includes Alumni Theses [3] - Features Messari Analyst Picks [3] - Presents Messari Awards [3]

Market Outlook - DePIN (Decentralized Physical Infrastructure Networks) is anticipated to experience a turning point in 2025 [1] - Some DePIN networks are demonstrating genuine demand, revenue, and fundamental strength, indicating market progress [1] - The DePIN sector is only just beginning its growth trajectory [1]