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Data: The total market value of the DePIN sector has fallen 83% from its historical high point, with a cumulative decline of 23% year to date.
BlockBeats message: On July 15, according to CryptoRank data, the total market capitalization of the DePIN (decentralized physical infrastructure networks) sector has fallen from the March 2024 all-time high of $20.2 billion to $3.46 billion currently, for a cumulative drawdown of about 83%.
In addition, since 2026, the DePIN sector has seen a cumulative decline of about 23%, and it has already become one of the main narrative tracks with the weakest performance in the crypto market.