The traditional telecom playbook hasn't changed much in decades: massive capital investment, years-long deployment schedules, and pricing models that favor shareholders over users. It's a system that's left billions underserved and millions more paying too much for too little.

Decentralized Physical Infrastructure Networks (DePIN) are still early, but the momentum is undeniable. We've been tracking this space closely, and the takeaway is clear: traditional infrastructure — costly, rigid, and centralized — is hitting its limits. DePIN is heating up, leveraging existing resources and handing control to participants to solve pressing challenges in compute, connectivity, and beyond.