NodeOps Emerges as Top Decentralized Infrastructure Network in 2024
NodeOps, a leading blockchain node orchestration platform, has solidified its position as one of the top decentralized physical infrastructure networks by revenue in 2024. The DePIN project’s impressive performance over the past year propelled it to fourth place on the revenue leaderboard, with NodeOps sharing details of this milestone through a press release on Feb. 12.
Revenue Rankings
Analytics data reveals that Ethereum (ETH)-based crypto project Glow secured the top spot with revenue exceeding $20 million. Following closely behind are Akash and Braintrust, ranking second and third with revenue figures exceeding $4 million and $3.3 million, respectively. NodeOps, according to Dune data, surpassed $2.5 million in total revenue.
Rebranding to NodeOps Network
NodeOps celebrated its success by undergoing a rebranding process, renaming Atlas Network to NodeOps Network. The platform’s Node-as-a-Service solution witnessed significant scaling, attracting over 282,000 verified users and 3.44 million registered wallets through an incentivized testnet. The rebrand aligns with NodeOps’ strategic plans to enhance its core services, including NodeOps Console, NodeOps Cloud, and NodeOps Validator, with an Agent Terminal currently in development.
In a statement, NodeOps CEO & co-founder Naman Kabra expressed optimism about the platform’s future, stating: “NodeOps Network’s discovery phase indicates market demand far exceeding our early expectations. This positions us to scale effectively and unlock new offerings.”
Funding and Expansion
NodeOps secured $5 million in its seed round in May 2024, with L1D leading the investment round alongside Blockchain Founders Fund and Finality Capital. The platform, known for its DePIN orchestration layer, supports over 80 chains, enabling node operators to deploy nodes on various protocols such as Movement Labs, CARV, Celestia, Avail, and Farcaster.
Industry Growth
The DePIN sector has experienced substantial growth, with daily interactions surpassing 13 million devices. Furthermore, the sector’s market cap reached $50 billion during the 2024 bull cycle, indicating a thriving ecosystem within the blockchain infrastructure landscape.