Crypto:
31856
Bitcoin:
$68.163
% 2.65
BTC Dominance:
%57.5
% 0.21
Market Cap:
$2.29 T
% 1.75
Fear & Greed:
71 / 100
Bitcoin:
$ 68.163
BTC Dominance:
% 57.5
Market Cap:
$2.29 T

Nansen Published DeFi Report

Nansen

Nansen’s “Beyond DeFi” report highlights the growing intersection of blockchain and artificial intelligence (AI), projecting that decentralized physical infrastructure networks (DePIN) and NodeFi could become the most profitable sectors within decentralized finance (DeFi). According to the report, the distributed GPU-as-a-service market — primarily driven by AI model training — was valued at $3.2 billion in 2023 and is poised for significant growth in 2024 as the AI industry matures.

The report emphasizes DePIN’s potential, especially for projects involving decentralized computing, data storage, and energy distribution. These services provide essential infrastructure for AI and other tech industries, with the growth in AI-related compute DePIN suggesting a major opportunity for decentralized networks. The predictable asset pricing and high yield potential in this sector make it attractive for investors and developers alike.

Nansen

NodeFi, which incentivizes node operators through blockchain networks, also shows promise but may face challenges related to project-specific dependencies. This market is tied to the success of particular projects, meaning its growth trajectory could be less predictable compared to AI-related services.

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Nansen and MetaStreet’s findings suggest that the crypto space is moving beyond traditional ERC-20 tokens and DeFi, with blockchain technology expanding into new verticals that intersect with AI, distributed computing, and other emerging fields. The long-term potential for AI-related blockchain projects is seen as particularly high, even as traditional DeFi sectors reach a plateau.

This shift signifies the diversification and maturation of the crypto market, highlighting the need for innovation in sectors that go beyond the typical use cases of digital assets and DeFi protocols.

READ:  11 Best DeFi Crypto Coins for Februrary 2024

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