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![spencernoon Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1527806202.png) Spencer Noon 🕛 [@spencernoon](/creator/twitter/spencernoon) on x 118.6K followers
Created: 2025-07-05 13:24:00 UTC

DePIN headlines from our latest newsletter:

📈 DePIN valuations continue to decrease; the median P/S ratio is down XX% since the end of 2024, contrary to the trend of most other sectors.

📈 As @Livepeer focuses on real-time AI video, network activity is rising, and orchestrators have seen an increase in fees paid out.

📈 @silencioNetwork logged 1M onchain devices, burned 1.3B $SLC in X weeks, and launched SoundCheck to turn real-world data into consumer utility.

📈 @helium_mobile usage has dominated IoT usage in two years since @solana migration as $HNT prices have grown slightly along with token supply.

Read the full issue:


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1941488232731984316/c:line.svg)

**Related Topics**
[onchain](/topic/onchain)
[silencionetwork](/topic/silencionetwork)
[coins ai](/topic/coins-ai)
[realtime](/topic/realtime)
[newsletter](/topic/newsletter)
[livepeer](/topic/livepeer)
[coins depin](/topic/coins-depin)
[coins arbitrum](/topic/coins-arbitrum)

[Post Link](https://x.com/spencernoon/status/1941488232731984316)