DePINed Podcast is your front-row seat to the builders, thinkers, and founders reshaping our physical world through decentralized infrastructure. Each episode explores how crypto incentives and community-powered networks are transforming industries — from connectivity and storage to robotics and mobility.
Thу new episode was recorded at the heart of the industry’s event — DePIN Day Denver 2025.
In this 45th episode, host
Tom Trowbridge, Co-Founder & CEO of Fluence, welcomes back
Mike Horton, the founder of
GEODNET, for his second appearance on the show. And it’s no surprise:
GEODNET’s growth over the past year has been phenomenal.
From Zero to Global RTK Coverage
GEODNET is a decentralized physical infrastructure network (DePIN) delivering
centimeter-level GPS accuracy through a crowdsourced global network of satellite base stations. These stations mine GNSS (global navigation satellite system) signals and feed real-time corrections that dramatically outperform traditional GPS accuracy — going from meter-level precision to mere centimeters.
This level of accuracy is critical for autonomous machines like
drones, robots, and agricultural equipment. And unlike traditional centralized solutions,
GEODNET didn’t spend years deploying its own infrastructure. Instead, the community did — thanks to crypto incentives.
Today,
GEODNET operates the
largest precise positioning network in the world, with nearly
14,000 registered stations and about
12,000 active, outperforming competitors like Trimble and Hexagon by more than double.
Revenue, Adoption, and Tokenomics
While many DePIN projects are still proving out their business models,
GEODNET has already hit over
$3M in ARR, with major clients like
DroneDeploy and
Septentrio, and wide adoption across
agriculture, construction, surveying, and even
wholesale augmentation providers.
To support sustainable growth,
GEODNET employs a robust
token economy:
•
80% of network revenue is used to buy and burn tokens, reducing supply and aligning incentives.
•
New GIP proposals are being introduced to reward high-performance nodes and improve SLAs.
• A strong focus on
transparency allows enterprise users to audit network performance in real time.
As Tom notes, this
on-chain transparency and
token burn model sets
GEODNET apart in Web3 and signals true market validation.
DePIN at Scale — What’s Next?
With strong coverage across the US, Europe, and India,
GEODNET is now targeting
South America and Africa through programs like
Stake Superhex, which incentivize deployment in underrepresented regions.
The company is also preparing for a major leap into
robotics, with upcoming announcements promising to unlock new applications for
robotic lawnmowers, drones, humanoids, and beyond.
GEODNET is a textbook case of what a DePIN project should aspire to be:
✅ Delivering superior performance
✅ Beating centralized competitors on price and scale
✅ Creating real economic value for both users and
node operators
“It’s not just a better network — it’s a more scalable, community-driven way to build infrastructure for a robotic future.” — Tom Trowbridge
About DePINed Podcast
DePINed is a podcast exploring the frontier of decentralized physical infrastructure, hosted by Tom Trowbridge, co-founder of Fluence. Each episode features in-depth conversations with founders, builders, and investors who are shaping the future of real-world Web3 networks.
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