Data: DeFi Sector Market Cap Down 83% from an All-Time High, Year-to-Date Decline Reaches 23%

BlockBeats News, July 15th, according to CryptoRank data, the total market capitalization of the DePIN (Decentralized Physical Infrastructure Network) sector has dropped from its all-time high in March 2024 of $202 billion to the current $34.6 billion, marking a cumulative drawdown of about 83%.

Furthermore, since 2026, the DePIN sector has seen a cumulative decline of about 23%, making it one of the weakest-performing major narrative tracks in the crypto market.