Key Metrics
We track the following underlying metrics for each project.
| Token Price | Current market price of the native token (in $) | Coingecko |
|---|---|---|
| Revenue | Gross revenue over past 30 days (in # of tokens) | Dune |
| Active Nodes | Active nodes over the past 30 days (in #) | Dune or APIs |
| Circulating Supply | Number of unlocked/unvested tokens (in #) | Dune or Coingecko |
From these, we calculate the following derivative metrics.
| Market Cap ($) | Token Price * Circulating Supply |
|---|---|
| ARR ($) | Token Price * 30-Day Revenue * 12 |
| Revenue Multiple (x) | Market Cap / ARR |
| Revenue Growth (%) | ARR Today / ARR 30 Days Ago - 1 |
| Issuance (# Tokens) | Circulating Supply Today - 30 Days Ago |
| Issuance Coverage (%) | Revenue / Issuance |
| Annualized Dilution (%) | 1 - (1 + Issuance / Circulating Supply) ^ 12 |
| Dominance (%) | Project Market Cap / Total DePIN Market Cap |
We also track the following category-specific metrics.
| Sensors | Unique roads mapped (in km) |
|---|---|
| Wireless | Data transfer over the past 30 days (in PBs) |
| Energy | Connected energy capacity (in kWhs) |
| Compute | Number of available and utilized CPUs and GPUs (in #) |
| Compute | Amount of available and utilized memory (in PBs) |
Each project can add up to two custom onchain or offchain metrics to its profile page.