Some DePIN projects achieve sustainable profitability by solving existing problems, even without relying on the flywheel effect of token economics.

However, amidst the distortions and despair of this structural bull market, a brand new era is quietly approaching.

As one of the important drivers of cryptocurrency moving towards the mainstream, the DePIN ecosystem shows strong development momentum and has become one of the main investment lines attracting capital influx to date.

Among more than 370 DePIN tokens, 75% focus on virtual services (such as AI and computing), while the remaining 25% provide physical services (such as wireless, energy, and sensors).

Decentralized Physical Infrastructure Networks (DePIN) is a cutting-edge concept that combines blockchain technology with the Internet of Things (IoT), gradually attracting widespread attention both within and outside the industry. DePIN redefines the management and control model of physical devices through a decentralized architecture, demonstrating the potential to trigger disruptive changes in the traditional infrastructure sector.

On August 16, the EMC Layer 1 blockchain testnet was officially launched, allowing users to earn EMC tokens through "mining."

The market value of DePIN has surpassed 20 billion dollars, and it is expected to have 20 times more growth potential in the future.

In the first half of 2024, the cryptocurrency market shows a trend of diversification, with three major sectors standing out: Gamefi, Bitcoin Layer 2 networks, and decentralized physical infrastructure (DePIN).

As a leading project in the ZK hardware acceleration track, the Cysic project can be summarized in three aspects: efficiency, universality, and decentralization.