NodeOps Emerges as Top Decentralized Physical Infrastructure Network by Revenue

NodeOps, a leading blockchain node orchestration platform, has achieved a significant milestone, ranking as one of the top decentralized physical infrastructure networks by revenue in 2024. The DePIN project’s strong performance over the past 12 months saw it secure a fourth-place spot on the revenue leaderboard.

Revenue Leaderboard Rankings

According to analytics data, the Ethereum-based crypto project Glow topped the list with over $20 million in revenue, while Akash and Braintrust ranked second and third with over $4 million and $3.3 million, respectively. NodeOps followed closely, with its total revenue surpassing $2.5 million.

NodeOps’ Milestone and Recent Developments

The milestone marks a successful 12 months for NodeOps, characterized by product-market fit, scaling of its Node-as-a-Service solution, and a notable rebrand. The platform has also become cash flow positive. As part of the rebranding, NodeOps renamed its Atlas Network to NodeOps Network.

Key developments include:

  • An incentivized testnet that attracted over 282,000 verified users and 3.44 million registered wallets.
  • Expansion of core services, including NodeOps Console, NodeOps Cloud, and NodeOps Validator.
  • Development of an Agent Terminal.

“NodeOps Network’s discovery phase indicates market demand far exceeding our early expectations. This positions us to scale effectively and unlock new offerings.”

NodeOps CEO & Co-Founder Naman Kabra shared his insights on the platform’s progress.

NodeOps’ Growth and Funding

NodeOps raised $5 million in its seed round in May 2024, led by L1D, with participation from Blockchain Founders Fund and Finality Capital. The platform currently supports over 80 chains, allowing node operators to deploy nodes on various protocols.

DePIN Sector Growth

The DePIN sector has experienced significant growth, with daily interactions surpassing 13 million devices. The sector’s market cap reached $50 billion amid the 2024 bull cycle.

Stay updated with the latest news and developments in the world of cryptocurrencies and blockchain technology on Global Crypto News.

Post Views: 1