Data: DeFi Sector Market Cap Down 83% from an All-Time High, Year-to-Date Decline Reaches 23%
BlockBeats News, July 15th, according to CryptoRank data, the total market capitalization of the DePIN (Decentralized Physical Infrastructure Network) sector has dropped from its all-time high in March 2024 of $202 billion to the current $34.6 billion, marking a cumulative drawdown of about 83%.
Furthermore, since 2026, the DePIN sector has seen a cumulative decline of about 23%, making it one of the weakest-performing major narrative tracks in the crypto market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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