NAUT tracks 98 DePIN projects, decentralized physical infrastructure networks, across 6 categories: compute (40), wireless (22), sensors (17), storage (15), energy (2) and mobility (2). As of 31 October 2026, 64 of the 98 carry a funding total on NAUT, $1.72B in all, led by Helium at $364.8M and Filecoin at $205.8M, and NAUT holds 316 people across the 98 projects.
How this list was built: on 31 October 2026, NAUT read all 199 companies tagged DePIN in its own database and kept a row only when its own description says the company runs or supplies a network of physical hardware. Amounts are the funding totals NAUT's own records hold, shown to the nearest $0.1M, and the team column is the number of people each project page lists on 31 October 2026, which for Helium (7) and Nym (14) is 1 lower than the figure NAUT's stored record still holds. 96 of the 98 have a public NAUT page and are named below; 2 wireless rows have no page yet and are left out of the tables. Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.
How did NAUT pick these 98 DePIN projects?
A sector tag is a lead, so each of the 199 tagged rows was checked against what it says it does. 101 rows were dropped because the description is something else: a venture capital firm investing in the sector, general-purpose layer 1 chains built for DePIN developers to deploy on, GameFi titles, wallets and data labelling tools. The 98 DePIN networks that stayed describe compute supply, file storage, wireless coverage, sensor data collection, energy metering or vehicle fleets.
2 calls are worth flagging. Chia Network reads as a general cryptocurrency on its NAUT page and is kept under storage because its consensus runs on contributed disk space. Grass and other bandwidth sharing networks are kept under wireless, since the resource contributed is a physical connection.
NAUT spot-checked 12 of the funding totals against public sources on 31 October 2026. 7 matched NAUT's figure within rounding: Helium, Filecoin, Cere Network, Chia Network, IoTeX, io.net and Hivemapper. The other 5 did not line up with the public trackers NAUT read, so every amount here is NAUT's own record, and the 7 checks are linked under Sources.
Which DePIN projects raised the most, by category?
Ranked by the number of projects NAUT tracks in each category. "Funded" counts the projects with a funding total on NAUT, "Raised" sums those totals and "Largest" is the biggest single total.
| Category | Projects | Funded | Raised | Largest |
|---|---|---|---|---|
| Compute | 40 | 27 | $504.8M |  Theta Network $132M |
| Wireless | 22 | 11 | $541.1M |  Helium $364.8M |
| Sensors | 17 | 11 | $168.8M |  IoTeX $69.9M |
| Storage | 15 | 13 | $497.4M |  Filecoin $205.8M |
| Energy | 2 | 1 | $350K |  Glow $350K |
| Mobility | 2 | 1 | $10M |  MVL $10M |
Wireless holds the most money on NAUT's record, $541.1M from 11 funded projects, and 2 of those projects account for $438.5M of it. Compute has the most companies by a wide margin: 40 projects, 27 of them funded, sharing $504.8M, an average of $18.7M per funded project.
The 14 largest totals on NAUT add up to $1.27B, 74% of the $1.72B the full list carries.
DePIN projects by category: the full list on NAUT
Each table is ranked by DePIN funding, the total NAUT holds for that project, largest first. "Raised" is that total and "Team" is the number of people the NAUT page lists. "none on NAUT" means NAUT's records hold no funding total for that project; the project may still have raised.
Compute: 40 projects, $504.8M on record
| Project | Raised | Team |
|---|---|---|
| Theta Network |
$132M | 5 |
 Livepeer |
$48M | 10 |
 io.net |
$40M | 13 |
 Ankr |
$32.9M | 11 |
 Hyperbolic Labs |
$30M | 5 |
 Render |
$30M | 14 |
 Acurast |
$25.7M | 4 |
 Meson Network |
$22.4M | 6 |
 Holo |
$20.4M | 12 |
 375ai |
$16M | 7 |
 Privasea AI |
$15.9M | 5 |
 Fluence |
$15.2M | 0 |
 Bless |
$13M | 6 |
 Flux |
$11.7M | 7 |
 Aethir |
$10M | 5 |
 Golem |
$8.2M | 1 |
 Bware Labs |
$7.2M | 6 |
 OMNIA Protocol |
$6.6M | 2 |
 Huddle01 |
$5.7M | 3 |
 HivelloOfficial |
$3.6M | 4 |
 NuNet |
$2.9M | 0 |
 Phala |
$2.8M | 6 |
 Gaimin |
$1.9M | 1 |
 Nosana |
$1.7M | 0 |
 Akash Network |
$800K | 8 |
 Alaya AI |
$100K | 2 |
 Heurist |
$30K | 5 |
 4EVERLAND |
none on NAUT | 1 |
 AiGO Network |
none on NAUT | 0 |
 Bittensor |
none on NAUT | 7 |
 DecentralGPT |
none on NAUT | 1 |
 EdgeAI Labs |
none on NAUT | 2 |
 Edge Matrix Chain |
none on NAUT | 0 |
 Impossible Cloud Network |
none on NAUT | 2 |
 InferiX |
none on NAUT | 2 |
 Nodepay |
none on NAUT | 4 |
 Planck Network |
none on NAUT | 0 |
 Spheron AI |
none on NAUT | 4 |
 UBI Network |
none on NAUT | 0 |
 Unblock Global |
none on NAUT | 1 |
Storage: 15 projects, $497.4M on record
| Project | Raised | Team |
|---|---|---|
| Filecoin |
$205.8M | 4 |
 Cere Network |
$94M | 3 |
 Chia Network |
$69.4M | 3 |
 Storj |
$30M | 6 |
 Pipe Network |
$23.5M | 2 |
 Swarm |
$21.9M | 0 |
 Arweave |
$20.9M | 1 |
 Aleph.im |
$10M | 0 |
 Iagon |
$6.9M | 3 |
 Crust Network |
$6.7M | 0 |
 Stratos Network |
$4M | 0 |
 Siacoin |
$3M | 3 |
 Functionland |
$1.3M | 0 |
 Botanika |
none on NAUT | 1 |
 StorX |
none on NAUT | 1 |
Wireless and bandwidth: 22 projects, $541.1M on record
| Project | Raised | Team |
|---|---|---|
| Helium |
$364.8M | 7 |
 Nym |
$73.7M | 14 |
 Orchid |
$47.8M | 0 |
 Grass |
$14.5M | 2 |
 Deeper Network |
$12.8M | 0 |
 Depinsim |
$8M | 1 |
 MetaBlox |
$7M | 0 |
 Synternet (prev. Syntropy) |
$6.6M | 2 |
 Sentinel |
$3.5M | 0 |
 Wicrypt |
$2M | 0 |
 Blockcast |
$350K | 2 |
 ANyONe Protocol |
none on NAUT | 0 |
 DAWN |
none on NAUT | 2 |
 Karrier One |
none on NAUT | 2 |
 MXC |
none on NAUT | 3 |
 Roam |
none on NAUT | 5 |
 Solix |
none on NAUT | 2 |
 Spacecoin |
none on NAUT | 1 |
 Uplink |
none on NAUT | 1 |
 World Mobile Token |
none on NAUT | 1 |
The 2 wireless rows without a public NAUT page are left out of this table, so it names 20 of the 22.
Sensors and mapping: 17 projects, $168.8M on record
| Project | Raised | Team |
|---|---|---|
| IoTeX |
$69.9M | 7 |
 Hivemapper |
$21M | 1 |
 Natix Network |
$18.1M | 4 |
 GEODNET |
$15M | 4 |
 Poseidon |
$15M | 5 |
 XYO |
$12M | 3 |
 Puffpaw |
$10.1M | 6 |
 CUDIS |
$5.3M | 6 |
 AIRian |
$2.1M | 0 |
 OKZOO |
$200K | 4 |
 onocoy |
$143K | 0 |
 Ambios Network |
none on NAUT | 3 |
 BitRing |
none on NAUT | 4 |
 JasmyCoin |
none on NAUT | 3 |
 PlanetWatch |
none on NAUT | 1 |
 Small Thing |
none on NAUT | 0 |
 wingbits |
none on NAUT | 3 |
Energy and mobility: 4 projects, $10.3M on record
NAUT files Glow and Internet of Energy Network under energy, MVL and Konnex World under mobility.
| Project | Raised | Team |
|---|---|---|
| MVL |
$10M | 3 |
| Glow |
$350K | 4 |
 Internet of Energy Network |
none on NAUT | 0 |
 Konnex World |
none on NAUT | 1 |
Energy and mobility are the thinnest parts of the sector on NAUT's record: 4 projects between them, 2 with a funding total.
What this tells a BD team
- The funded rows are the shortlist. 64 of the 98 projects carry a funding total on NAUT, so a team selling hardware, bandwidth, audits or token services has 64 DePIN companies with money on the record.
- Compute is where the volume is. 40 of the 98 sit there, 27 of them funded, and no single project dominates the way Helium does in wireless.
- 76 of the 98 projects have at least 1 person on their NAUT page, 316 people in total. The deepest teams are Render with 14, Nym with 14, io.net with 13 and Holo with 12.
- 34 projects show no funding total on NAUT. Several of those pages still list a team, so a row with no amount can still be a reachable company.
- Pick the categoryCompute holds 40 of the 98 projects, wireless 22, sensors 17 and storage 15.
- Filter to money on record64 of the 98 carry a funding total, from $364.8M at Helium down to $30K at Heurist.
- Open the deepest teamsNAUT lists 14 people at Render, 14 at Nym and 13 at io.net.
- Unlock the channelA paid NAUT plan reveals the verified Telegram, email and LinkedIn each person page has on file.
What this tells a founder raising for a DePIN project
- Know which bucket an investor reads you into. Wireless has the largest average on NAUT, $49.2M across 11 funded projects, then storage at $38.3M across 13, while compute spreads $504.8M across 27 funded projects at $18.7M each.
- The top of the market is narrow. Helium at $364.8M and Filecoin at $205.8M hold $570.6M of the $1.72B on record, 33% of the sector total on NAUT.
- Energy and mobility are close to empty on NAUT, 4 projects and $10.3M between them, so a raise in either has few comparables to point at.
- Public trackers and NAUT's records disagreed on 5 of the 12 totals NAUT checked, so bring your own round history to a meeting.
- Find your comparablesYour category on NAUT holds between 2 and 40 projects, so read the ones with a funding total first.
- Check the cheque sizesWireless averages $49.2M per funded project, storage $38.3M and compute $18.7M.
- List the investors behind themEach project page on NAUT shows the rounds and the backers NAUT holds.
- Reach the right person76 of the 98 projects list a team on NAUT, 316 people across the list.
Related reading on NAUT: Crypto AI funding: $365M in 11 rounds, 2 Series Bs in 1 day and Crypto seed funding: 13 October rounds, $98.9M, median $5.0M.
Can you pull this data through the NAUT API?
Yes. GET https://api.naut.so/v1/projects?sector=DePIN&limit=100 returns every project tagged DePIN on NAUT, 199 rows on 31 October 2026, so 2 pages at the maximum limit of 100. That tagged set is a superset of the 98 this article kept after reading each description by hand, so the filtering is still yours to do. GET https://api.naut.so/v1/projects/helium returns 1 project with its team. At 5 credits per data call, the 2 list pages are 10 credits and pulling all 96 project pages for their teams is 480 more, so 490 of the 3,000 credits an Essential plan carries at $49 a month: see the API docs and pricing. Verified Telegram, email and LinkedIn for the people on these pages unlock on any paid NAUT plan, so start a 7-day trial before you run the people calls.
DePIN projects FAQ
What are the main DePIN projects?
As of 31 October 2026, the DePIN projects with the largest funding totals on NAUT are Helium at $364.8M in wireless, Filecoin at $205.8M in storage, Theta Network at $132M in compute, Cere Network at $94M, Nym at $73.7M, IoTeX at $69.9M and Chia Network at $69.4M. They sit inside a list of 98 projects NAUT tracks across 6 categories.
How many DePIN projects are there in each category?
Of the 98 DePIN projects NAUT tracked on 31 October 2026, compute holds 40, wireless and bandwidth 22, sensors and mapping 17, storage 15, energy 2 and mobility 2. Wireless carries the most funding on NAUT's record at $541.1M, ahead of compute at $504.8M and storage at $497.4M.
Is a project tagged DePIN always a DePIN project?
No. NAUT's own data shows 199 companies tagged DePIN on 31 October 2026, and reading each description against the sector dropped 101 of them, including a venture capital firm, general-purpose chains built for DePIN developers, GameFi titles and wallets. The 98 that remain describe a network of physical hardware they run or supply.
Where can I find the teams behind these DePIN projects and their contact channels?
On NAUT. Each of the 96 project pages linked in this article lists the people NAUT holds for that company, 316 across the 98 projects, and GET https://api.naut.so/v1/projects/<slug> returns the same team through the API. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so start a 7-day trial to open the channels on those pages.
How much have DePIN projects raised in total?
NAUT's records hold $1.72B across the 64 of 98 DePIN projects that carry a funding total, as of 31 October 2026. That figure is NAUT's own record: 34 of the 98 projects show no amount on NAUT, and public trackers differed from NAUT on 5 of the 12 totals NAUT checked.
Sources
- NAUT's own database, read on 31 October 2026: 199 companies tagged DePIN, their descriptions, funding totals and team counts. Every project linked above is a NAUT page.
- Helium $364.8M: ICO Drops shows $364.8M across 6 rounds, matching NAUT.
- Filecoin $205.8M: Protocol Labs, Filecoin sale completed, "The final amount we raised is $205.8M. This includes the $52M from advisor sale."
- Cere Network: ICO Drops shows $93.93M across 12 rounds, against $94M on NAUT.
- Chia Network: Messari shows $69.70M across 4 rounds, against $69.4M on NAUT.
- IoTeX: ICO Drops shows $70.52M across 4 rounds, against $69.9M on NAUT.
- io.net: Tracxn shows $40M across 2 rounds, matching NAUT.
- Hivemapper: Startup Intros shows $21.0M across 2 rounds, matching NAUT.
- NAUT API endpoints, parameters and credit prices: naut.so/docs/api and naut.so/pricing, read on 31 October 2026.