Despite the recent negative price action, Decentralized Physical Infrastructure Networks (DePIN) continue to generate revenue. In this post, we will look at a few Solana-based DePIN projects and their revenue numbers for October 2025.
Helium
Launched in 2019, Helium is an OG DePIN project. It rewards independent operators in HNT tokens for installing and maintaining wireless hotspots.
The project began focused on building out a decentralized LoRaWAN network, but later shifted gears to incentivizing the roll-out of WiFi hotspots that offload traffic from celular providers like AT&T and T-Mobile.
Helium's HNT token was migrated to Solana in 2023.
Helium alone accounted for 72% of Solana's DePIN revenue in October.
Geodnet
Geodnet rewards independent operators who install and maintain satellite miners that report extremely accurate location data (within 1cm), which is then used in applications such as agriculture and robotics.
Their token GEOD expanded into Solana back in 2024.
Render
Launched in 2020, Render is another OG DePIN network which awards tokens to GPU owners who lend out their spare compute power to the network. Artists and studios utilize the decentralized compute power to render images and videos.
Render began migrating their token from Ethereum to Solana in 2023.
Hivemapper
Taking inspiration from Helium, Hivemapper engineered a decentralized road mapping network that rewards drivers who collect street imagery with specialized dashcams. Hivemapper adjusted their rewards mechanism so that higher demand areas would be more lucrative than low demand areas.
UpRock
Uprock's primary aim is to democratize access to AI by leveraging real-time data from a global network of devices - currently over 2 million and counting. The data collected fuels AI applications and real-time insights via conversational dashboards and APIs.
NATIX
Similar in concept to Hivemapper, NATIX rewards drivers for collecting street level data. However, NATIX allows independent operators to use their existing smartphone instead of buying a specialized dashcam. NATIX partnered with Grab Maps in Southeast Asia earlier this year to deliver fresher, more accurate, high-definition maps.
Until next time...
Despite the recent market carnage, revenue continues to trend upwards for DePIN projects on Solana. These digital tokens could very well form part of the foundation of a new, decentralized economy.
If you learned something new from this article, be sure to check out my other posts on crypto and finance here on the Hive blockchain. You can also follow me on InLeo for more frequent updates.
Sources
Syndica X Post [1]
Syndica Deep Dive [2]
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