The Decentralized Physical Infrastructure Networks (DePIN) sector is experiencing notable developments in 2025. New DePIN projects are trading below their initial token generation event prices and venture capital valuations, while established DePINs are reportedly increasing revenues at a faster pace than decentralized finance (DeFi) projects. DIMO Network has connected over 170,000 vehicles and raised more than $20 million in its token, $DIMO. Overall, DePIN fundraising has shown slight growth, with $159 million raised across 36 deals in the first quarter of 2025, compared to $156 million across 62 deals in the same period in 2024. This indicates a trend of fewer but larger funding rounds as established DePINs focus on scaling. The sector raised over $150 million across 36 deals in total during 2025, reflecting a shift in early-stage investments. Innovations in verification processes are also underway, with companies like NovaNet utilizing zero-knowledge proofs (ZKPs) for efficient on-chain verification on DePIN devices.