Node count alone doesn't mean much in #DePIN

The real question I ask is:

Who is actually paying for the data these nodes produce?

#GEODNET stands out in this regard.

With 22,000+ physical stations across 150+ countries, it provides centimeter-level positioning data.

This data is used in #drones , #robotics , agriculture, and autonomous systems.

More importantly, there's a real revenue model behind it.

GEODNET uses 80% of its revenue for $GEOD buybacks and burns.

The model is simple:

Real-world usage
→ Real revenue
→ $GEOD buybacks
→ Token burns

Market cap is around $140M.

Annualized revenue is approximately $8.4M.

But that's not the main thing I'm watching.

Are token burns actually offsetting new token emissions?

Because a project generating revenue doesn't automatically make its token a good investment.

What matters is how that revenue flows back into the token's economics.

That's why I'm looking into GEODNET.