Solana DePIN revenue reaches $2.8M as data offload activity surges 17x in a year

Solana’s decentralized physical infrastructure sector pulled in $2.8 million in revenue during April, according to data from Syndica. That’s actual money flowing through networks that provide real-world services like wireless coverage, mapping, and bandwidth sharing.

The more striking number: data offload activity across these protocols jumped 17x compared to the same period last year.

The numbers behind the growth

April’s $2.8 million figure follows $2.4 million recorded in February, and the cumulative tracked DePIN revenue on Solana has now surpassed $22 million since January 2025. By December 2025, some protocols had reached an average of 4.8 terabytes of monthly data offload.

Seven major protocols account for the bulk of activity: Helium, Render, Hivemapper, UpRock, NATIX, XNET, and GEODNET. Each serves a distinct function, from decentralized wireless networks to geographic data collection.

Helium Mobile is running away with it

Helium Mobile has generated over $14 million in cumulative revenue since January 2025, often surpassing $2 million per month on its own. That means Helium Mobile alone accounts for roughly two-thirds of all tracked DePIN revenue on the chain.

Render focuses on decentralized GPU rendering rather than physical connectivity. Hivemapper builds decentralized mapping data through dashcam contributions.

What this means for investors

$22 million in cumulative revenue over roughly 16 months is real, but it’s modest by any traditional infrastructure standard. The 17x data offload increase suggests genuine consumer adoption, particularly for Helium Mobile’s wireless services, where users have an economic incentive to route their data through decentralized infrastructure rather than traditional carriers.

For Solana specifically, DePIN protocols need low-cost, high-throughput chains to handle the volume of microtransactions that real-world data offloading generates. If Helium Mobile’s dominance persists while others stagnate, the “Solana DePIN” narrative becomes really just a “Helium on Solana” story, which carries different risk and upside profiles than a diversified infrastructure play.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.