2025 will be the year of the DePIN Chain Wars.
In our upcoming @MessariCrypto Theses we predict that a significant competitor will emerge to rival @solana’s DePIN dominance.
@DIMO_Network’s recent migration highlights one the top potential rivals - @base.
A 🧵
In our upcoming @MessariCrypto Theses we predict that a significant competitor will emerge to rival @solana’s DePIN dominance.
@DIMO_Network’s recent migration highlights one the top potential rivals - @base.
A 🧵
https://twitter.com/dimo_network/status/1866173848837579182
2/
DePIN’s market cap is up 132% this year, with early stage fundraising also up an impressive 300%.
As established players like @helium and show real traction and an influx of DePINs hit the market, the sector will become a prime battleground for infra layers in 2025.
DePIN’s market cap is up 132% this year, with early stage fundraising also up an impressive 300%.
As established players like @helium and show real traction and an influx of DePINs hit the market, the sector will become a prime battleground for infra layers in 2025.
3/
While @0xPolygon was an early favorite for DePINs, @solana became the preferred destination in 2023 following Render and Helium’s migration to Solana.
DIMO’s migration from Polygon to Base is the latest large DePIN to migrate from the chain.
But why?
While @0xPolygon was an early favorite for DePINs, @solana became the preferred destination in 2023 following Render and Helium’s migration to Solana.
DIMO’s migration from Polygon to Base is the latest large DePIN to migrate from the chain.
But why?
4/
Based on internal surveys among DePIN founders, the following are most important for choosing where to build:
- UX
- DevX
- Access to Liquidity
- Composability/Interoperability with other DePINs
- Hands on support from base layer team
Based on internal surveys among DePIN founders, the following are most important for choosing where to build:
- UX
- DevX
- Access to Liquidity
- Composability/Interoperability with other DePINs
- Hands on support from base layer team
5/
Solana’s consumer success coupled with a high degree of receptiveness to DePIN while other chains neglected the sector led to its current dominance with over 100 DePINs built on Solana.
However, other chains are taking note and working on attracting DePINs.
Solana’s consumer success coupled with a high degree of receptiveness to DePIN while other chains neglected the sector led to its current dominance with over 100 DePINs built on Solana.
However, other chains are taking note and working on attracting DePINs.
6/
For what’s most important to DePINs, @base ranks high in UX, DevX, and access to liquidity.
Base is becoming the premier destination to build DePINs in the Ethereum ecosystem.
We’ve seen @daylightenergy_ and @blackbird_xyz build on Base and now DIMO as well.
For what’s most important to DePINs, @base ranks high in UX, DevX, and access to liquidity.
Base is becoming the premier destination to build DePINs in the Ethereum ecosystem.
We’ve seen @daylightenergy_ and @blackbird_xyz build on Base and now DIMO as well.
7/
Base’s secret weapon is @coinbase.
Such a relationship can give DePINs access to tailored partnerships, enterprise clients, and Coinbase’s customer base.
When deciding between Solana and Base, Coinbase’s status could become the deciding factor for many DePINs.
Base’s secret weapon is @coinbase.
Such a relationship can give DePINs access to tailored partnerships, enterprise clients, and Coinbase’s customer base.
When deciding between Solana and Base, Coinbase’s status could become the deciding factor for many DePINs.
8/
Other potential chains that could emerge as rivals to Solana in 2025 are DePIN-specific L1s like @peaq and @iotex_io.
These chains could offer even more hands on support than general purpose chains and design infra decisions with DePIN in mind.
Other potential chains that could emerge as rivals to Solana in 2025 are DePIN-specific L1s like @peaq and @iotex_io.
These chains could offer even more hands on support than general purpose chains and design infra decisions with DePIN in mind.
9/
For detailed analysis on the DePIN Chain Wars, check out the @MessariCrypto Theses launching next week and keep an eye out for new DePIN reports.
Exciting news from @DIMO_Network previewing one the largest DePIN themes of 2025.
For detailed analysis on the DePIN Chain Wars, check out the @MessariCrypto Theses launching next week and keep an eye out for new DePIN reports.
Exciting news from @DIMO_Network previewing one the largest DePIN themes of 2025.
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