NodeOps, a leading blockchain node orchestration platform, emerged as one of the top decentralized physical infrastructure networks by revenue in 2024.
The DePIN project’s strong performance over the past 12 months saw it rank fourth on the revenue leaderboard. NodeOps shared details of the milestone with crypto.news via a press release on Feb. 12.
Analytics data shows Ethereum (ETH)-based crypto project Glow topped the list with over $20 million in revenue, while Akash and Braintrust ranked second and third with over $4 million and $3.3 million, respectively. According to Dune data, NodeOps’ total revenue surpassed $2.5 million.
NodeOps rebrands Atlas Network
The milestone for NodeOps capped a successful 12-months, with product-market fit, scaling of the platform’s Node-as-a-Service solution and a notable rebrand marking key developments. NodeOps also became cash flow positive.
As part of the rebranding, NodeOps renamed Atlas Network to NodeOps Network. An incentivized testnet for the platform attracted more than 282,000 verified users and 3.44 million registered wallets. The rebrand aligns with NodeOps’ plans to expand its core services, which include NodeOps Console, NodeOps Cloud, and NodeOps Validator. The project also has an Agent Terminal in development.
In a comment, NodeOps chief executive officer & co-founder Naman Kabra, said:
“NodeOps Network’s discovery phase indicates market demand far exceeding our early expectations. This positions us to scale effectively and unlock new offerings”.
NodeOps raised $5 million in its seed round in May 2024, with L1D leading the round, which also attracted Blockchain Founders Fund and Finality Capital. The platform, which offers a DePIN orchestration layer, currently supports more than 80 chains, allowing node operators to deploy nodes on protocols such as Movement Labs, CARV, Celestia, Avail, and Farcaster.
Overall, the DePIN sector has experienced significant growth, with daily interactions surpassing 13 million devices. Meanwhile, the sector’s market cap reached $50 billion amid the 2024 bull cycle.