$POKT (Pocket Network) a live, revenue‑generating #DePIN for decentralized RPC + data relays, sitting at just ~$25M MC despite ~$27M ARR. One of the most mispriced infra plays in the sector.

Key points:

• Decentralized RPC infra powering 40+ chains

• Billions of relays daily — real, paid usage

• Shannon upgrade → programmable deflation + AI/Web2 relay expansion

• 17,000+ nodes historically; global, permissionless supply

• Cheaper + more resilient than Infura/Alchemy

• Revenue comes from actual relay fees, not hype

Tokenomics:

High circulation, no hard cap, but post‑Shannon = deflationary.

100% of relay fees burned → 97.5% re‑minted → 2.5% permanent burn.

Demand‑driven, usage‑tied economics. No unlock overhang. One of the cleanest models in DePIN.

Bull case:

If relay volume 5–10x’s via AI/oracle/Web2 expansions, deflation compounds, and revenue hits $100M+ in a bull, a 100x (~$2.5B) is realistic for a leading decentralized data layer.

Bear case:

Relay growth could stall, centralized RPC incumbents could hold share, or new DePIN competitors fragment demand. But ~$27M ARR gives it a real floor most micro‑caps don’t have.

Verdict:

Strong Candidate. Real revenue, real usage, real deflation — at a tiny valuation. Watch relay volume + ARR; this one stands out sharply.

Over all I give it a 9/10 a well deserved one in my opinion !