🚨BREAKING: @DePINPulse acquires @DepinNinja and @wholovesburrito - launches V2🚀 The DePIN ecosystem is expanding rapidly, yet data fragmentation across chains, protocols, and platforms remains a significant challenge. To address this, we have acquired two leading DePIN data providers, DePIN.Ninja by @EV3_Labs and Who Loves Burrito, consolidating the platforms into a transparent, curated dataset that powers a unified, real-time dashboard enabling users to seamlessly track, analyze, and engage with DePIN projects, whether you are a miner, investor, builder or enthusiast. We’re thrilled to announce that DePIN Pulse V2 is officially live! This major update brings a comprehensive suite of tools, insights, and opportunities to help you explore and earn in the world of Decentralized Physical Infrastructure Networks. What’s New in V2: DePIN Pulse V2 introduces several powerful features to enhance your experience: 🔗 Chains Dashboard: Explore DePIN activity across multiple blockchains, including Solana, Ethereum, and more. The Chains Dashboard offers a comprehensive view of DePIN projects, allowing you to track performance and trends across different networks. 🚀 Pre-TGE Projects: Discover early-stage DePIN projects before their token generation events (TGEs). This section provides insights into upcoming opportunities, helping you stay ahead in the DePIN space. ⛏️ Mining Opportunities: Find and compare DePIN mining opportunities across various projects. Whether you're interested in hardware mining or contributing resources, this section helps you identify profitable ventures. 🎯 Quests: Engage with DePIN projects through interactive quests. Complete tasks, earn rewards, and deepen your involvement in the ecosystem. 📈 Yield Opportunities: Analyze DePIN yield opportunities, including staking and lending options. This feature helps you maximize returns on your DePIN investments. 💰 Fundraising Tracker: Stay informed about fundraising activities within the DePIN space. Track investment rounds, funding amounts, and participating investors. 🧠 Compute Marketplace: Access decentralized compute resources offered by DePIN projects. This marketplace connects you with providers offering computing power for various applications. 📅 Events Calendar: Keep up with upcoming DePIN-related events, including conferences, webinars, and community meetups. Never miss an opportunity to connect with the DePIN community. 🎙️ Podcasts: Tune into podcasts featuring discussions with DePIN project leaders, developers, and industry experts. Gain insights into the latest trends and developments in the DePIN ecosystem. What’s Coming Next We're continuously working to enhance DePIN Pulse. Upcoming features include: - Advanced Analytics: Deeper insights into DePIN project performance market opportunities. - Mobile App: Access DePIN Pulse on the go with our upcoming PWA release. - Expanded Data Sources: We’re continuously adding new projects and metrics to ensure DePIN Pulse remains the most comprehensive DePIN resource available. - Social Metrics: Community sentiment tracking and insights.

2025 was the year fundamentals mattered: • $19.6B user-paid onchain fees • $7.8B distributed to token holders (record) • $17.2B additional income (e.g. Tether) What this means for fundamentals in 2026 👇 Monetization keeps moving onchain... 1,272 protocols generated user fees ( 50% YoY) and is still climbing: For the first time ever, Blockchain transaction fees made <20% of total user-paid onchain fees. This share is expected to keep falling... …and could be the reason why we see the fee-to-valuation correlation: • Weakening for blockchains • Strengthening for applications Details: x.com/KoschigRobert/status/2… 2025 Leaders: • Fees: @MeteoraAG, @JupiterExchange (> $1B each!) • Value distributed to token holders: @HyperliquidX, @binance Near-term outlook: Q4 fees are −16% YoY. Without price momentum, Q1’26 is likely to be similar, though slightly offset by more monetizing protocols → ~$4.8-5.3B fees in Q1. 2026 focus remains: value-generation, -capture, -distribution. And the following key protocol-related questions are becoming increasingly top of mind: • Do burns create the most value? • Who owns & controls revenues: tokens vs equity? • How do we increase transparency of offchain monetization? Let us know in the comments: which of these questions - or any other onchain fundamentals - would you like us to dive into more deeply?

Just plugged our explorer data into the DePIN Revenue leaderboard... ...Is it normal for a project without a live token to be Top 5 in revenue? 🧐 @DePINPulse wen pre-TGE section?

Today @BeamableNetwork is #4 in 24h revenue on @DePINPulse

Big shoutout to @wholovesburrito and @DePINUnleashed for shipping exactly what DePIN needs @DePINPulse V2. Everything you need to track project revenue, deployer economics, and industry valuations and more. Let's grow! 👇 depindigest.io/blog/depin-pu…

This is incorrect. Aethir revenue is “onchain”. There’s a big difference between “onchain” and benefiting tokenholders This is how most of Aethir’s revenue is generated > Aethir insiders own GPUs, and use them to mine $ATH > Aethir insiders “loan” $ATH to third parties which use it to “purchase” compute on the network > the $ATH moves from insider wallets (premined), is lent to customers (offchain), and is then sent to miners to pay for compute Since (most) miners are owned or affiliated by Aethir insiders, the tokens basically round trip through insider wallets without ever hitting the market (or driving meaningful burns) That’s why Aethir trades at less than half the multiple of every other DePIN… market understands the revenue is not for tokenholders, unlike with tokens like $HNT or $GEOD