XYO Network, a decentralized physical infrastructure network, has surpassed 10 million nodes on its DePIN system, as revealed by co-founder Markus Levin in an exclusive interview with Cointelegraph. The nodes primarily consist of human users who contribute data in exchange for rewards through the COIN mobile application. Levin mentioned that the majority of the 10 million nodes are mobile users, with some being IoT devices like smart speakers. Notably, about 80% of XYO’s users are individuals new to the world of cryptocurrencies, engaging with Web3 for the first time. This user base includes professions such as truck drivers, rideshare drivers, delivery personnel, and healthcare workers, with 95% of them converting after joining via the COIN app. In terms of tokenomics, XYO rewards its users with points that can be redeemed for its native XYO token, Bitcoin, Ethereum, or gift cards. The XYO token was bridged to Solana in October 2024 to expand its user base, currently boasting a market capitalization of approximately $180 million as per CoinMarketCap data. XYO generates revenue by validating data in various sectors, using a portion of the earnings to repurchase XYO tokens. In January, XYO launched its layer-1 blockchain to consolidate real-world data from its nodes onto a public ledger. Validators on the network stake XYO and earn rewards in XL1, the newly introduced gas token. DePINs, which decentralize real-world infrastructure and systems, are viewed as a significant use case in the Web3 ecosystem, potentially bringing a large number of new users to the crypto space. According to a report by MV Global, the DePIN ecosystem comprises over 1,000 projects, representing approximately $50 billion in total market capitalization.