Decoupling of Revenue Growth and Token Price According to the report, while token prices in the DePIN sector were generally sluggish in 2025, a small number of real-world networks continued to increase on-chain revenue. [ XPIN currently generates revenue through eSIM ] The path to global scaling has narrowed. - Realistically, for DePIN to achieve significant growth, it must choose one of the following paths: 1. Adoption of InfraFi [Infrastructure Financialization] 2. A model with low CAPEX and fast payback period 3. Leveraging speculative capital in a bull market Ultimately, a structure that doesn't generate revenue will lead to operational issues...