Franklin Templeton has expressed bullish sentiments towards the DePIN sector towards two projects in particular. The report pointed toward two DePIN-focused projects that have started to gain success. The first one is Hivemapper, with its token HONEY having a market cap of $135 million. FT pointed towards Hivemapper’s incredible achievement of mapping 21% of the world’s roads in just 31 months and its dynamic token reward mechanisms. The second was Helium, which has grown to around 13,000 network hotspots worldwide since the launch of its 5G network in 2022. Helium’s native token $HNT currently has a market cap of around $569 million.

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