DePin Sector Sees Record Funding Surge in 2024

Decentralized physical infrastructure networks (DePin) have experienced a resurgence in 2024, attracting $1.91 billion in funding and setting new all-time highs. This renewed investor interest is fueling rapid growth in the sector.

A significant trend within DePin is the rise of AI-focused projects. Nearly half of the top-funded DePin projects in 2024 are AI-related, with Sentient standing out after securing $85 million in seed funding. This highlights the growing intersection of AI and decentralized infrastructure.

The concentration of DePin funding at the seed stage reflects the sector's early development phase. However, mature funding rounds are still occurring, such as Helium’s $200 million Series D raise in February 2022.

Geographically, the United States is the leading hub for DePin projects, hosting 46% of all initiatives, followed by Singapore and the United Kingdom. This geographic distribution underscores the global interest in building decentralized infrastructure.

For more insights on Decentralized Physical Infrastructure Networks, explore the detailed report by The Block's Research Analyst, Alice Hou . Gain access to this in-depth analysis with a trial subscription to The Block Pro, your gateway to expert perspectives and cutting-edge research in the blockchain and crypto sectors.