DePIN Coins that are reshaping the crypto infrastructure in 2024-25

The Rise of Decentralized Physical Infrastructure

Decentralized physical infrastructure networks (DePIN) have established themselves as one of the most dynamic segments of the crypto ecosystem. Unlike traditional centralized solutions, these projects leverage tokenized incentives and blockchain architectures to build resilient, efficient, and globally accessible networks.

According to market data, the DePIN sector has reached a combined market capitalization of over $32 billion, with trading volumes exceeding $3 billion daily. This growth reflects the confidence of institutional investors: firms like VanEck highlight DePIN’s transformative potential to onboard the next billion users into Web3, while specialized funds like DePIN Fund III (100 million dollars) from Borderless Capital accelerate the global expansion of these projects.

How DePIN Coins Work: Tokenization and Decentralization

The success formula of depin coinleri lies in its unique combination of three elements: immutable blockchain architecture, incentive tokenization, and distributed governance.

Blockchain architecture: Provides a transparent and secure record for all transactions, automating processes through smart contracts. This foundation eliminates intermediaries and reduces operational friction.

Tokenized reward system: Contributors receive digital tokens for supplying resources (bandwidth, storage, computing power, GPU capacity). These tokens have market value, creating a self-sustaining incentive cycle.

Interoperability: Top DePIN projects integrate multiple blockchains, allowing users to access services without being limited to a single ecosystem.

This model has proven its scalability: in Q3 2023, the ecosystem processed 1.28 billion transactions across more than 130 active projects.

Competitive Advantages of DePIN Projects

Distributed security: By eliminating single points of failure, DePIN systems mitigate risks associated with centralized servers. network participants act as mutual guardians of system integrity.

Lower costs: Projects like U2U Network demonstrate that hardware decentralization allows building infrastructure without massive upfront investments, reducing entry barriers for operators and users.

Censorship-resistant resilience: A network of thousands of independent nodes is virtually impossible to censor or topple, ensuring continuous service availability.

Resource democratization: Helium Network, with over 335,000 subscribers in its mobile service, and Meson Network, with 59,000 global nodes, show that massive infrastructures can be built leveraging dispersed resources from ordinary users.

12 Leading DePIN Coins to Watch in 2024-25

1. Internet Computer (ICP): The decentralized web from scratch

ICP (Internet Computer), developed by the DFINITY Foundation, transforms the concept of cloud computing. Instead of relying on Amazon, Google, or Microsoft, ICP builds a “world computer” through a global network of independent data centers.

Developers can host complete applications directly on the blockchain, without traditional IT infrastructure. This architecture aligns perfectly with DePIN principles: total decentralization, cryptographic security, and elimination of intermediaries.

In 2024, ICP launched critical updates (Tokamak, Beryllium, Stellarator) that improved performance and scalability. ICP’s price grew 121% during the year, reaching a market cap of $4.3 billion in November.

ICP’s 2025 roadmap includes deep integration of artificial intelligence and compatibility with Solana, consolidating its position as a next-generation DePIN platform.

2. Bittensor (TAO): Decentralized Artificial Intelligence

Bittensor combines blockchain with machine learning to create a protocol where AI models are trained collaboratively. Contributors (validators and miners) receive rewards in TAO based on the informational value they contribute.

This approach has revolutionized access to ML resources: in 2024, Bittensor implemented Proof of Intelligence and a Decentralized Expert Mixing model, democratizing access to AI capabilities.

The TAO token gained over 152% in the year, reaching a market cap of $3.8 billion. By 2025, Bittensor plans to expand applications beyond ML, positioning itself as the foundational infrastructure for decentralized AI in crypto.

3. Render Network (RENDER): Decentralized GPUs for creators

Render Network connects creators needing rendering power with providers with underutilized GPUs. The market is global: 3D animators, film producers, and VR creators pay in RENDER to access processing capacity without capital investment.

In 2024, Render migrated from Ethereum to Solana under the new ticker RENDER, improving speed and reducing costs. The platform has gained significant adoption in animation studios and VFX companies.

Current data (26-12-2025):

• Price: $1.26
• 24h Change: -1.79%
• Market Cap: $652.38M

The 2025 roadmap includes infrastructure improvements and strengthening integration with professional studios.

4. Filecoin (FIL): User-controlled storage

Filecoin transforms cloud storage: users store data on distributed nodes, with cryptographic verification of integrity. Storage providers receive FIL as payment, creating an open market without intermediaries.

The launch of the Filecoin Virtual Machine (FVM) in 2024 was transformative, opening the network economy to new use cases and bringing Total Value Locked to $200 million. However, the FIL token has maintained conservative prices compared to its 2024 highs.

In 2025, Filecoin will improve the FVM to support Ethereum-compatible smart contracts, enabling developers to create custom native actors.

5. Shieldeum (SDM): Decentralized Web3 cybersecurity

Shieldeum is an AI-powered security shield for crypto users. It operates through a network of enterprise-grade servers offering application hosting, data encryption, threat detection, and high-performance computing.

The SDM token facilitates payments, incentivizes node operators, and enables governance via DAO. In 2024, Shieldeum raised 2 million USDT for rigorous node testing.

By 2025, Shieldeum will develop a custom Layer-2 chain on BNB Chain for DePIN node execution, expanding its security offensive.

6. The Graph (GRT): Decentralized data indexing

The Graph is the master key to access blockchain data. It allows developers to create and publish open APIs (subgraphs) that enable efficient blockchain queries, accelerating dApp development.

GRT has a market cap of $1.93 billion (pre-update data). In 2024, The Graph expanded support to 9 blockchains: Ethereum, NEAR, Arbitrum, Optimism, Polygon, Avalanche, Celo, Fantom, and Moonbeam.

Current data (26-12-2025):

• Price: $0.04
• 24h Change: -1.52%
• Market Cap: $385.91M

The 2025 roadmap includes: a full data services marketplace, improved developer tools, indexer performance optimization, and creation of an interconnected knowledge graph.

7. Theta Network (THETA): Decentralized video streaming

Theta Network addresses an age-old problem: online video streaming with high delivery costs. Users share inactive bandwidth, improving quality and reducing expenses for content providers.

It operates with two tokens: THETA for governance and TFUEL for transactions. In 2024, it introduced EdgeCloud, a edge computing solution combining cloud and edge computing for video, media, and AI.

Current data (26-12-2025):

• Price: $0.26
• 24h Change: -5.26%
• Market Cap: $257.40M

The THETA token gained 76% during the year. In 2025, Theta will launch EdgeCloud Phase 3 with an open marketplace connecting clients to community edge nodes.

8. Arweave (AR): Permanent data storage

Arweave promises to make digital permanence a reality: it uses an innovative structure called “blockweave” where each block links to multiple previous blocks, enhancing retrieval and ensuring redundancy.

Its consensus mechanism, Proof of Access (SPoRA), incentivizes preservation of historical data. In November 2024, Arweave launched protocol 2.8 with a new packing format that reduces mining costs.

Current data (26-12-2025):

• Price: $3.42
• 24h Change: -2.38%
• Market Cap: $223.59M

AR gained 171% during the year. Its 2025 roadmap includes ecosystem expansion and integration with more decentralized applications.

9. JasmyCoin (JASMY): IoT and data sovereignty

Jasmy, founded by former Sony executives, integrates blockchain with the Internet of Things. The goal: create a data marketplace where users control their personal information without centralized intermediaries.

In 2024, JASMY was driven by strategic partnerships rumored (NVIDIA, Ripple), gaining 366% in price and reaching a market cap of 1.35 billion by mid-June.

The 2025 roadmap emphasizes partnerships with IoT device manufacturers and new features to demonstrate real use cases of data monetization.

10. Helium (HNT): Long-range wireless networks

Helium incentivizes users to install Hotspots (small 5G routers) that generate IoT coverage while mining HNT. The Helium network now operates on Solana, improving speed and scalability.

With over 335,000 subscribers in Helium Mobile, the platform has scaled rapidly. Subnetwork tokens (IOT and MOBILE) could be exchanged for HNT, diversifying incentives.

Current data (26-12-2025):

• Price: $1.49
• 24h Change: -1.51%
• Market Cap: $278.18M

HNT gained 190% during the year. In 2025, Helium will improve Coverage Proof and expand global coverage.

11. Grass Network (GRASS): Bandwidth monetization for AI

Grass allows users to earn passive income by selling inactive bandwidth. The network uses this bandwidth to collect public web data that trains AI models, transforming unstructured data into valuable datasets.

Grass reached 2 million users in beta. The October 2024 launch of GRASS was massive: 100 million tokens distributed to 1.5 million eligible wallets.

Since launch, GRASS has gained 200%, reaching a market cap of $600 million. The 2025 roadmap includes deep decentralization of data acquisition and community governance models.

12. IoTeX (IOTX): Machines talking to each other on blockchain

IoTeX integrates blockchain with IoT through Roll-DPoS consensus, ensuring high performance and low latency ideal for machines. Its IOTX token is used for fees, staking, and governance.

In 2024, IoTeX launched 2.0 with modular DePIN infrastructure: (DIMs) infrastructure modules and (MSP) security layer that provide DePIN projects with ready-to-use tools. The ecosystem grew to over 230 dApps with more than 50 DePIN projects.

Current data (26-12-2025):

• Price: $0.01
• 24h Change: -1.65%
• Market Cap: $67.73M

IoTeX’s 2025 roadmap is ambitious: incorporate 100 million devices and unlock trillions in real-world value, establishing itself as the universal DePIN layer.

Pending Challenges in the DePIN Industry

Technical complexity: Integrating blockchain with physical infrastructure requires elegant solutions in security, scalability, and interoperability. Smooth communication between decentralized networks and physical assets is critical.

Regulatory uncertainty: DePIN projects navigate dual regulations (digital and physical infrastructure). The regulatory landscape is constantly evolving, demanding compliance across multiple continents.

Mass adoption: To replace traditional systems, DePIN must demonstrate proven advantages in cost, efficiency, and user experience. Overcoming skepticism from established industries is essential.

The Future of DePIN: $3.5 trillion in sight

The DePIN sector grew 28% in the past year, accumulating $32 billion in capitalization. Market projections suggest DePIN could reach $3.5 trillion by 2028, driven by exponential demand for high-quality streaming, content delivery, and storage.

The shift from centralized to decentralized infrastructure promises more efficient, inclusive, and resilient solutions. This is not just a technological revolution: a fundamental change in how we build and govern critical systems.

Conclusion: The time is now

Depin coinleri are transforming how we think about infrastructure. From computing to storage, from video to machine learning, DePIN projects offer decentralized alternatives prioritizing security, efficiency, and user empowerment.

With market capitalization surpassing $32 billion and exponential growth projections, the DePIN sector attracts both institutional investors and innovative developers. For traders and holders, these projects present unique opportunities to participate in building the Internet of the future.

Decentralized physical infrastructure is not a passing trend: it is the cornerstone of sustainable and scalable Web3. 2025 could be the definitive year for mass adoption of DePIN.