DePIN Tokens
Which physical infrastructure networks will capture the most value from the data they transmit?
DePIN networks do two things: take payment and transmit high-signal data. Every industry that depends on real-world measurement, remote operations, or information timing is a target. The strongest opportunities sit where information arbitrage is highest — whoever controls the sensor controls the signal.
DEVICE (platform) → DATA (signal) → INDUSTRY (impact) → TOKEN (value capture)
↑ ↓
└──────────── Returns fund more devices ──────────────────┘
How to Read This Page
Each token is mapped to the loop:
- Device — What hardware generates the data? → DePIN Devices
- Industry — Where does the data create value? → Industries
- Business model — What information arbitrage does it exploit?
- Valuation — How do you assess the token? → Investment Appraisal
Worked Example: 375ai
Real-time marketing data via community-deployed sensors — ground truth that replaces modelled advertising proxies. Advertisers pay premium for verified physical presence vs click estimates. The information arbitrage is the gap between what modelled data costs and what verified sensor data is worth.
Tokens by Industry
Advertising and Marketing Data
| Protocol | Token | Device | Data Signal | Info Arbitrage |
|---|---|---|---|---|
| 375ai | — | IoT sensors | Foot traffic, dwell time | Verified physical presence vs modelled clicks |
Industry: Advertising — DePIN opportunity is in the data supply chain, not replacing ad platforms.
Mobility and Vehicle Data
| Protocol | Token | Device | Data Signal | Info Arbitrage |
|---|---|---|---|---|
| DIMO | DIMO | OBD2 dongle | Vehicle diagnostics, location, driving | Driver risk scoring without insurer intermediary |
| Soarchain | SOAR | OBD2 dongle | V2X mobility data | Autonomous vehicle training data |
| ROVR Network | — | IoT tracker | Spatial AI, transportation | Real-time logistics intelligence |
Industry: Logistics, fleet management, insurance.
Mapping and Geospatial
| Protocol | Token | Device | Data Signal | Info Arbitrage |
|---|---|---|---|---|
| Hivemapper | HONEY | AI dashcam | Street-level mapping | Fresher maps than Google at fraction of cost |
| GEODNET | GEOD | GNSS station | cm-level RTK positioning | Survey-grade accuracy without survey-grade cost |
| Natix | — | Camera network | Geospatial intelligence | Real-time urban analytics |
| Wingbits | WINGS | ADS-B receiver | Flight tracking | Independent aviation data vs monopoly providers |
Industry: AI Data — feeds autonomous driving, precision agriculture, aviation.
Weather and Environment
| Protocol | Token | Device | Data Signal | Info Arbitrage |
|---|---|---|---|---|
| WeatherXM | WXM | Weather station | Hyper-local weather | Better forecasts than national services for micro-climates |
| Ambient | — | Environmental sensors | Air quality | Localised pollution data cities can't currently access |
| Nubila AI | — | Sensors | Environmental data | AI-ready environmental intelligence |
| Silencio | — | Smartphone app | Noise levels | Noise pollution mapping for urban planning |
Industry: Agriculture — parametric insurance, precision farming. Solar — irradiance verification.
Wireless and Connectivity
| Protocol | Token | Device | Data Signal | Info Arbitrage |
|---|---|---|---|---|
| Helium | HNT | Hotspot | IoT connectivity | LoRaWAN/5G coverage without carrier capex |
| XNET Mobile | XNET | WiFi AP | Carrier offload | AT&T partnership — verified traffic |
| Dabba Network | DBT | WiFi hotspot | Broadband access | Emerging-market connectivity arbitrage |
| Wicrypt | WNT | WiFi hotspot | Community WiFi | Africa/emerging-market shared access |
| Metablox | — | WiFi roaming | Global WiFi access | Decentralised roaming agreements |
| Minutes | — | Telecom | Wireless network | Decentralised telco infrastructure |
| Roam | — | — | Connectivity data | WiFi roaming network |
Industry: Telecom — community-deployed coverage where carriers don't build.
Compute and AI
| Protocol | Token | Device | Data Signal | Info Arbitrage |
|---|---|---|---|---|
| io.net | IO | BYOD GPU | AI/ML compute | GPU access without hyperscaler margin |
| Render Network | RENDER | BYOD GPU | 3D rendering | Rendering at fraction of cloud cost |
| Akash Network | AKT | BYOD GPU | Cloud compute | Open marketplace vs AWS lock-in |
| Nosana | NOS | BYOD GPU | GPU compute, CI/CD | Solana-native compute |
| Aethir | ATH | Edge device | AI + gaming compute | Edge inference latency advantage |
| Exa Bits | — | — | Big data compute | Distributed high-performance computing |
| Ritual | — | — | Decentralised AI | On-chain AI inference |
| Dynex | DNX | — | Neuromorphic compute | Quantum-like processing for research |
| Kuzco | — | BYOD GPU | LLM inference | Distributed LLM serving |
Industry: AI Data — breaks hyperscaler monopoly on training and inference.
Energy
| Protocol | Token | Device | Data Signal | Info Arbitrage |
|---|---|---|---|---|
| Glow | — | Solar farms | Verified generation | Additionality proof vs opaque carbon credits |
| Srcful | SRC | Energy gateway | Solar production data | Verified green energy without utility intermediary |
| Power Ledger | POWR | Smart meter | Energy trading | Peer-to-peer energy without grid monopoly |
| DeEEP Network | — | — | Energy management | Decentralised grid optimisation |
Industry: Solar, Energy — community-owned generation and verified carbon.
Storage
| Protocol | Token | Device | Data Signal | Info Arbitrage |
|---|---|---|---|---|
| Filecoin | FIL | Storage server | Data persistence | Permanent storage without cloud vendor lock-in |
| Arweave | AR | — | Permanent storage | Pay once, store forever |
Supply Chain and Commerce
| Protocol | Token | Device | Data Signal | Info Arbitrage |
|---|---|---|---|---|
| Baxus | — | Authenticated storage | Spirits provenance | Verified authenticity eliminates counterfeiting |
| DeVin Labs | — | — | Wine trading data | Direct producer-to-consumer |
| Axal | — | — | Supply chain data | Decentralised logistics coordination |
| Obortech | — | — | Supply chain tracking | Multi-party supply chain visibility |
| Heale Labs | — | — | Logistics | Logistics solutions |
Industry: Food — provenance and direct trade.
Privacy and Infrastructure
| Protocol | Token | Device | Data Signal | Info Arbitrage |
|---|---|---|---|---|
| Anyone | — | — | Onion routing | Privacy without centralised VPN trust |
| Fleek | — | — | Edge compute, hosting | Geo-aware decentralised web services |
| RunOnFlux | FLUX | — | Cloud + dApp hosting | Web3 infrastructure alternative |
| Streamr | — | — | Real-time data sharing | P2P data streaming |
| Uprock | — | — | Bandwidth sharing | Spare bandwidth monetisation |
| Nodle | NODL | Smartphone app | IoT relay, asset tracking | Bluetooth network via existing phones |
Spatial and Emerging
| Protocol | Token | Device | Data Signal | Info Arbitrage |
|---|---|---|---|---|
| Mawari | — | — | 3D content streaming | Real-time spatial computing delivery |
| Sky Trade | — | — | Airspace rights | Monetise airspace above property |
| Peaq | PEAQ | — | DePIN L1 | Blockchain infrastructure for DePIN apps |
The Information Arbitrage Lens
Every token above exploits the same formula from Information Arbitrage:
Value Captured = (Information Advantage) × (Speed of Execution) × (Accuracy of Action)
| DePIN Layer | Information | Speed | Accuracy |
|---|---|---|---|
| Sensors | Unique data stream | Edge processing | Cryptographic verification |
| Connectivity | Coverage where others can't reach | Low-latency relay | Protocol-level routing |
| Compute | Access to GPU without queue | Distributed inference | Model serving at edge |
| Storage | Permanent, censorship-resistant | Content-addressed retrieval | Immutable records |
The strongest DePIN investments control the information layer. Connectivity is commoditising. Compute is abundant. But unique, verified, real-world data from sensors you operate — that's the moat.
Directories
- DePINscan — Network metrics and minable projects
- DePIN Hub — Verified projects and news
- CoinGecko DePIN — Market data
- DePIN Ninja — Rankings and analytics
- Mycelium Networks — Ecosystem mapping
- Analysis Workbook
- Figma Diagrams
- Innovators
Investors
- ev3.xyz — DePIN-focused investment firm
- Gold & Hawks
Media
Context
- DePIN Technology — Platform architecture and stack
- DePIN Devices — Hardware you can buy
- DePIN Investment Appraisal — Evaluation checklist and prediction framework
- Information Arbitrage — The business model lens
- Industries — Where DePIN creates impact