The Depin project has been quite popular in the past two years, so-called depin.

The full name is Decentralized Physical Infrastructure Networks.

In simple terms, it includes:

Decentralized wireless networks, which are those web挂机 projects from before.

Decentralized storage, like hard drive mining.

GPU leasing, similar to those previous io projects.

All belong to depin.

However, most projects are just riding on a concept, issuing a token, and then harvesting a wave before ending.

The projects themselves have almost no revenue, and no one is really using them.

Then I saw that Beamable had its TGE today, listed on KuCoin and Gate, with the token being $BMB.

I researched this project, and it did not start from scratch.

It initially was a Web2 infrastructure giant providing backend support for popular games like FIFA Rivals, Star Trek: Timelines, and Wildcard.

Over 11 billion API calls per month, serving 2.5 million monthly active users, generating over 8 million dollars in annual revenue.

Now, this proven machine is migrating on-chain, becoming a decentralized computing market on Solana.

So it is very different from past depin projects.

Beamable turned the DePIN script upside down: Utility Before Token.

They first built real demand—over 100 games, 8 billion+ monthly API calls, 2 million+ MAU—before tokenizing.

Now, these workloads are settled in $BMB, converting verified usage into sustained on-chain liquidity. This is not speculation; this is utility-driven value.

Its token economics are like this.

Each API call is an economic event. Fees drive buybacks and staking, making $BMB deflationary; network demand is fully supported by real usage data—not hollow incentives, but proof of 214 billion total API calls and over 8 million dollars in revenue.

Each game increases computational demand, paid in $BMB → more demand = higher node rewards → attracting more capacity, lowering costs → cheaper infrastructure attracts more studios → and so on. More games → more $BMB demand → more nodes → cheaper infrastructure → more games.

Such depin projects with tangible support can be paid attention to.

Sometimes, don’t just listen to a concept; understand what it really does and what the underlying logic is.