Infrastructure Sector Brief: October 1st, 2023
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Source: Messari DePIN Screener
From both the seven and thirty day perspective, most assets within the DePIN and infrastructure sectors have either held steady or seen a slight increase in price. Leading the charge is Storj, a decentralized storage solution, which is up 46% and 118% in the seven and thirty day range, respectively. This sharp increase in price is so far unmatched by other major decentralized storage providers, such as Filecoin, Arweave, and Siacoin; none of which have breached a double-digit price increase over the past seven day range.
Outside of Storj, IoTeX, is one of the few DePIN assets to remain up against ETH over the past week. The IoT platform has noted a 12% increase across the seven day range as it looks to grow usage of W3bstream, which is its decentralized infrastructure for computing and device data streaming.