Decentralized Physical Infrastructure Networks (DePIN) are blockchain-based protocols that incentivize the creation and maintenance of real-world physical infrastructure through token rewards. These networks eliminate the need for centralized corporations to build and operate physical infrastructure by distributing ownership and operation across a global network of participants. DePIN protocols enable permissionless participation in infrastructure deployment, creating more resilient and cost-effective alternatives to traditional centralized infrastructure.

DePIN

# Circulating market cap Methodology

## Overview

Circulating market cap measures the project’s valuation based on the number of tokens that are currently transferable and tradeable. It is calculated by multiplying the token price with the circulating supply.