2026-01-03 12:21:07

The DePIN track is now a scene before the curtain falls, with most of the once-popular projects becoming stories of fleeting fame. But this doesn't mean the entire direction should be dismissed — the key is to find teams that truly have sustained innovation capabilities.

The XPIN project has been tracked for a long time, and to be honest, its performance is noticeably different. Most DePIN projects disappear after telling their stories, but it continues to deepen the integration model of DePIN and PayFi. This approach appears to be both clear and practically supported. According to the latest annual report, whether in terms of data metrics or product progress, it stands out in the DePIN track, rather than being a fleeting hot wave. This ongoing iteration instead indicates that it is working on something real.

XPIN0,63%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

21 Likes

Reward
21
7
Repost
Share

Comment

0/400

RugPullSurvivor

· 01-04 01:36

Hmm, DePIN is still alive in this wave, quite surprising. Speaking of which, XPIN is indeed working hard, unlike those who just give a PPT and then run away. PayFi seems to have some potential when combined with this... should we hop on and give it a try?

View OriginalReply0

Omo-peace

· 01-03 21:49

stagnant projects

Reply0

NFTArchaeologis

· 01-03 14:25

Hmm… Just seeing the words DePIN makes me a bit tired, but your perspective is quite interesting. I agree that most projects just tell their story and then disappear. However, the approach of XPIN's PayFi feels a bit like doing "artifact restoration" on the chain, reassembling fragments into something with substance and life, which is much more reliable than simply piling up data.

View OriginalReply0

MEVHunterWang

· 01-03 12:51

Once again, DePIN hype, all talk and no action, in the end, it's still about the data. --- XPIN is indeed different. PayFi hasn't seen anyone truly implement this aspect, worth a wave of attention. --- Wait, what's the use of good annual report data? The key is whether the secondary market is willing to buy in. --- There are too many projects that disappear without a trace. Truly persistent iterations are rare, and if XPIN can really hold up, it will be very scarce. --- DePIN has been declared dead for two years, but dedicated teams are still quietly working on it. That’s the right attitude to evaluate a project. --- Continuous iteration ≠ continuous rise. Don't be so optimistic, let's wait and see. --- From the perspective of PayFi, the idea of DePIN is quite fresh, much better than those that just tell stories.

View OriginalReply0

RektRecorder

· 01-03 12:49

Amazing, there are indeed few who can truly contribute in DePIN. The idea behind XPIN is still somewhat interesting, not just a storytelling routine. --- PayFi needs to be truly implemented to count, otherwise it's just a concept to hype up a wave. --- I agree that continuous iteration is much better than projects that haven't moved in a year. --- Everyone can boast about good data, but the key is how long real money can support it. --- Actually, DePIN should be cleared out, so that those who are truly working can stand out more easily. --- If XPIN can really integrate DePIN and PayFi smoothly, it would indeed be on a different level. --- Another annual report and product progress, hopefully it won't end up just being a PPT project.

View OriginalReply0

ser_ngmi

· 01-03 12:43

Honestly, the DePIN track is currently in a filtering stage, and the slackers should be eliminated. The XPIN line is indeed a bit different; it's not the kind of project that just talks through a PPT and then has no follow-up. I have indeed seen continuous iteration on this point.

View OriginalReply0

TokenVelocity

· 01-03 12:22

Ha, DePIN has really become a sieve; only the remaining after the big waves are worth watching --- Another storyteller, let's talk later. First, look at the data and then believe --- PayFi integration? This idea is indeed a bit different, but the premise is that it can be implemented --- The annual report looks great, but I'm afraid it's just prosperity on paper --- The disappearance of that bunch of projects is ridiculous. If XPIN can truly continue to iterate this time, it will be considered a win --- Honestly, teams that keep innovating are indeed rare; this requires close attention --- Is DePIN still alive? I thought it was all dead haha --- The data indicators are eye-catching, but what about the ecosystem stock? That's the key, right?

View OriginalReply0