Summary
DePIN projects collectively have tokens worth billions of dollars but only generate around $15 million a year in revenue, according to Rob Hadick from Dragonfly. The lack of demand is the main constraint for these protocols.
Key Points
1. DePIN projects collectively have tokens worth tens of billions of dollars.
2. The projects are generating around $15 million in revenue per year.
3. The protocols are not constrained by supply, but by a lack of demand.