Messari analyst: forecast DePIN industry revenue will exceed $150 million next year

Messari analyst Dylan Bane tweeted that according to Messari's forecast, the DePIN industry revenue will exceed $150 million next year. Going into 2024, the supply side of DePIN is established, but the demand side has limited revenue to validate the DePIN model. During the year, several agreements generated seven- and even eight-figure revenue, indicating that DePIN has the potential to capture the demand side that has so far constrained growth.