Company: XYO
Co-founders: Markus Levin and Arie Trouw
Website: https://xyo.network/
About XYO
Founded in 2018, XYO is the first DePIN and one of the largest, with over 8 million nodes. XYO collects and validates real-world data, connecting Web3, Web2, and industries like AI and geolocation. XYO has officially reported $8.8 million in revenue for 2024, placing it among the top four highest-earning DePIN projects to date. This figure comes from XYO’s most recent annual financial report for 2024, published as part of its official filings.
Their Proof of Location and Proof of Origin technologies power real-world asset tracking, DePIN solutions, and interactive gaming experiences. XYO created the COIN app to drive network growth, and their XYO token is listed on major exchanges like Coinbase. In addition to the XYO Foundation, they founded XY Labs Inc., the first crypto company in the U.S. to gain SEC approval for a Regulation A offering, allowing both accredited and non-accredited investors. XY Labs is also one of the first to tokenise and list its shares, trading under $XYLB on tZERO ATS, leading the charge in the RWA wave.
