What is the difference between DePIN and Real World Assets?

DePIN: Decentralized Physical Infrastructure Networks incentivizing real-world hardware deployment via token rewards. Real World Assets: Tokenized real-world assets including treasuries, real estate, and commodities brought on-chain. The narratives may share constituent tokens (many crypto projects fit multiple narratives) but represent distinct capital-flow units.

Which narrative is performing better, DePIN or Real World Assets?

Performance rotates on a weekly to monthly cadence. To see the live ranking, open Sharpe's Narratives dashboard and sort by 7-day or 30-day aggregate market cap change. Combining performance with social mindshare and funding-rate deltas produces a higher-conviction call than any single metric alone.

Are DePIN and Real World Assets correlated?

Most crypto narratives correlate with BTC at 0.7–0.9 during risk-on regimes and decouple during idiosyncratic catalysts (token-specific news, sector-specific regulatory events, narrative-defining launches). Sharpe's Correlation Matrix exposes the rolling 7-day, 30-day, and 90-day correlation between DePIN and Real World Assets constituent tokens.

How do I trade the DePIN vs Real World Assets rotation?

The cleanest expression is a long/short pair trade: long the outperforming narrative's top-liquid tokens, short the underperforming narrative's top-liquid tokens (on perps). This captures the relative-strength spread without broad-market risk. Sharpe's Narratives dashboard surfaces the daily leader; execution tools are on the Futures and Arbitrage pages.

Which tokens are in DePIN?

The DePIN narrative tracks tokens in Sharpe's depin category mapping plus manual curation. Open the /narratives/depin page for the full list of top tokens with market cap, 24h volume, and 7-day performance.

Which tokens are in Real World Assets?

The Real World Assets narrative tracks tokens in Sharpe's rwa category mapping plus manual curation. Open the /narratives/rwa page for the full list of top tokens with market cap, 24h volume, and 7-day performance.

DePIN vs Real World Assets — Narrative Rotation Comparison

DePIN vs Real World Assets — Live Stats

Metric	DePIN	Real World Assets	Δ
Aggregate Market Cap	$9.17B	$62.52B	-85.3%
TVL	$0.00	$12.30B	-100.0%
24h Change	-0.26%	+0.33%	—
7d Change	-11.18%	-2.92%	—
30d Change	+2.65%	+0.86%	—
24h Volume	$606.54M	$2.13B	-71.6%
Open Interest	$219.79M	$373.47M	-41.1%
Mindshare	+0.00%	+0.00%	—
Coin Count	238	250	—

Live narrative stats from Sharpe's tracker cache, refreshed every 30 minutes.