Most Active DePIN Projects

• The most active projects within DePIN are TAO and ICP, which have very healthy growth in community building.
• Siacoin has a higher number of interactions per post, implying viral interest compared to ICP.
• Smaller projects like Soul, Render, and LPT gain traction, indicating broader DePIN usage.

Overview of DePIN Activity

According to data from Phoenix Group and LunarCrush, TAO and Internet Computer (ICP) are the most socially active DePIN projects. Metrics as of June 14, 2025, reveal increased user activity in various blockchain infrastructure tokens.

In a 24-hour period, TAO had 6.9K engaged posts and 592.4K total interactions, ranking first. ICP was second with 5.3K posts and 414.2K interactions, indicating strong community support and discussions. Engaged posts reflect online content that provokes interaction, while total interactions include likes, comments, reposts, and more.

Growing Social Volume for Smaller DePIN Players

Render (RNDR), Siacoin (SC), and Theta (THETA) are also gaining traction. Render saw 3.2K engaged posts and 216.5K interactions as decentralized rendering gains interest. Siacoin had 2.5K posts but a notable 614.9K interactions, suggesting viral potential despite fewer original posts. Theta recorded 2.2K engaged posts and 142.4K interactions, remaining robust in decentralized video streaming.

The data indicates that some projects can generate significant user responses even with less content. Siacoin’s interaction-to-post ratio shows it resonates well with its audience.

DePIN Narrative and Emerging Tokens

The top-ranked lower-volume projects include Elrond (EGLD), Livepeer (LPT), Soul, Filecoin (FIL), and Akash Network (AKT). EGLD had 1.8K posts and 129.8K interactions, while LPT achieved 1.7K posts and 58.0K interactions. Despite lower content, FIL and AKT engaged over 113K and 68.5K interactions, respectively.

Soul, a newer entrant, secured 1.6K involved posts and 61.8K interactions, marking its rise. The media interest reflects the growing fascination with AI and DePIN crossover applications.

The World Economic Forum’s June 2025 Technology Convergence Report estimates the current DePIN market value at $30 billion, projecting it could soar to $3.5 trillion by 2028, highlighting DePIN’s expanding influence in global tech.