BlockBeats news, on August 8th, Messari released the DePIN race rise report. IoTeX’s ecosystem ranked third with 51 DePIN projects, second only to Solana and Ethereum. IoTeX also ranked first in the ecosystem focused on DePIN. The report shows that the financing scale in the DePIN field is increasing at an annual rate of 296%, with a total market capitalization of more than 20 billion US dollars. Among them, IoTeX completed a financing of 50 million US dollars in April, which was the largest single transaction. The other four projects in the top five, io.net, DIMO, Daylight, all have Depth cooperation with IoTeX in data verification, off-chain computing, or capital layer. IoTeX announced its 2.0 upgrade strategy last month and launched the first DePIN modular infrastructure platform. Through modularization, IoTeX will be able to provide core functions such as cross-ecosystem equipment data verification and off-chain computing for DePIN projects, supplementing the functional modules that connect various public chains with the real world, and accelerating the process of large-scale adoption of DePIN.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
