Golden Finance reported that Messari analyst Dylan Bane tweeted that according to Messari’s forecast, the revenue of the DePIN industry will exceed US$150 million next year. Entering 2024, the supply side of DePIN has been established, but the demand side has limited income and cannot verify the DePIN model. During the year, several protocols generated 7- and even 8-figure revenue, demonstrating DePIN’s promise of capturing the demand side that has constrained growth to date.