Filecoin holds a clear lead, standing out as the primary recommendation for decentralized data storage and multi-service utility. Helium is the usual answer when buyers ask about decentralized wireless networks and IoT connectivity.
Since July, Circlerising and Nymrising have become regular mentions for users paying for decentralized VPN services.
Latest insights
Weeks of Sep 14 – Sep 27, 2026 · Since Jul 5
Helium Gaining: Helium now ranks #6 in DePIN Infrastructure Crypto Tokens, up from #7
Render Network Gap between platforms: ChatGPT Search now names Render Network 8 points more often than Google AI Mode in DePIN Infrastructure Crypto Tokens, a narrowed gap
Storj Gaining: Storj moved up 1 place to rank #4 of 100 in DePIN Infrastructure Crypto Tokens
Storj Slipping: Storj now trails Helium in DePIN Infrastructure Crypto Tokens, #7 to #6
IO.net Gaining: IO.net now ranks #5 in DePIN Infrastructure Crypto Tokens, up from #6
28% of citations point at the ranked brands’ own sites. medium.com, coingecko.com, binance.com are the most-cited sites outside the ranked brands’ own domains.
My recommendation: USDC for predictable costs, or the decentralized VPN’s native token if you want the most direct integration with its network. There isn't one universally best token; it depends on which dVPN you use and whether you prioritize low fees, privacy, or price stability.
Best tokens for paying for a decentralized VPN
Token
Best for
Main advantage
USDC
Most everyday users, if accepted
Stable value makes VPN costs easier to budget.
MYST
Mysterium Network
Designed for peer-to-peer payments to VPN and proxy nodes.
I want to earn yield by running infrastructure for a DePIN network but don't want to buy the hardware. What's the best token that represents a "liquid stake" on that infrastructure?
Which DePIN storage tokens or platforms provide verifiable proof-of-storage and enterprise-friendly billing?
Which decentralized wireless network tokens offer strong operator rewards and enough market liquidity?
Which DePIN IoT connectivity platforms support device-level billing and low-friction micropayments?
Which DePIN GPU compute tokens or platforms offer discounted or priority inference access?
Which multi-service DePIN tokens work across storage, bandwidth, and compute services?
P2P
Sentinel-based dVPNs
Used for bandwidth payments, network fees, staking, and governance.
OXT
Orchid
Supports Orchid's bandwidth marketplace and pay-as-you-go payment model.
Which would I choose?
For everyday use: USDC on a low-fee network, provided the VPN accepts it. For example, Sentinel's community-built x402 integration supports USDC on Base or Solana.
For a native decentralized payment system: OXT is a strong option for Orchid, which uses streaming nanopayments to pay bandwidth providers.
For Mysterium: MYST is the natural choice for its pay-as-you-go decentralized network. Check which token version and network the service currently supports before purchasing.
One important distinction: the best payment token isn't necessarily the best investment. A token can be useful for purchasing VPN bandwidth without being a good asset to hold long term. Also, using crypto doesn't automatically make your VPN activity anonymous; public blockchain transactions can still be traceable.
Which decentralized VPN are you using, or considering? If you tell me the name, I can narrow this down to the best payment option for its actual fees, privacy, and ease of use.
Liquidity and Accessibility: Native tokens with solid exchange liquidity make it easy to swap stablecoins (like USDC) into the required network token without losing excessive value to slippage.
If your goal is to pay for decentralized cloud storage, Filecoin (FIL) is the first token I’d investigate. Filecoin is one of the largest decentralized storage networks by capacity, and its native token is used in the network’s storage economy. However, the best token for paying for storage isn't necessarily the best token for investing in a storage project.
The key distinction is whether you want ongoing cloud storage, permanent archival storage, or exposure to the growth of decentralized physical infrastructure (DePIN).
The leading decentralized storage tokens to compare
I'm researching decentralized cloud storage solutions. Can you point me toward crypto-based networks that distribute file storage across independent nodes?
Yes. The main crypto-based decentralized storage networks to research are:
Filecoin — decentralized storage marketplace where independent providers store data, with cryptographic proofs and FIL incentives.
Sia — splits and encrypts files, distributing pieces among independent hosts; storage is paid for with Siacoin (SC).
Storj — distributes encrypted data across independent storage nodes; uses the Ethereum-based STORJ token for payments.
Arweave — another major decentralized storage project, particularly oriented toward long-term/permanent data storage.
For a technical comparison, I'd look at Filecoin vs. Sia vs. first: their architectures differ substantially despite all being “decentralized storage.”
If by “liquid stake” you mean a liquid token that lets you economically own the infrastructure yield without personally buying/operating the hardware, the closest fit I found is not a conventional DePIN token.
My pick: POKT / Pocket Network’s supplier-staking model
Pocket Network is unusually close to what you’re describing. Its network separates capital/ownership from infrastructure operation: a supplier can be funded by one party while another party runs the servers, with relay revenue automatically split between addresses.
The important distinction is:
You provide capital/stake → POKT is committed to a supplier.
An operator provides the servers and uptime.
The supplier earns POKT from actual network relays.
Revenue can be split between owner and operator on-chain.
Therefore, you can get economic exposure to infrastructure revenue without personally buying the hardware.
But there's a catch: POKT itself isn't a liquid-staking receipt in the way stETH is. It's the underlying network token. You'd need an owner/operator arrangement or an intermediary product to make this genuinely passive.
If you specifically want a liquid token representing staked infrastructure
I'd look at Aethir's ATH ecosystem next. Aethir is decentralized GPU infrastructure, and its staking mechanism lets capital participate in the network without necessarily operating GPUs yourself. Current DePIN staking data lists ATH with roughly a 7% reward rate, although these rates are highly variable and shouldn't be treated as guaranteed yield.
The conceptual hierarchy I'd use is:
Exposure
What you're really buying
Hardware required?
POKT supplier stake
Claim on RPC infrastructure revenue
No, if partnered with operator
ATH staking
Capital supporting decentralized GPU network
No
FIL staking
Storage-network economic exposure
No
The last one is worth emphasizing: stETH is probably the best-designed “liquid infrastructure stake” primitive overall, but it's Ethereum validator infrastructure rather than DePIN. Lido explicitly distributes node-operator rewards and lets the operator side receive them in stETH, while the stETH holder gets liquid exposure to validator yield.
The key question
I think there's a potentially much more interesting category here: “liquid node ownership” — a tokenized claim on the revenue generated by physical infrastructure, where someone else supplies/operates the machine.
That's different from simply staking the DePIN token.
If that's what you're after, I can compare the current 2026 projects offering the closest thing to “buy token → own fraction of productive DePIN hardware → receive its operating yield → remain liquid”, and rank them by real revenue, yield, liquidity, dilution, and hardware/operator risk.
Unlike traditional Proof-of-Stake (PoS) networks where liquid staking tokens (LSTs like stETH or JitoSOL) cleanly represent a share of validating infrastructure, the DePIN (Decentralized Physical Infrastructure) landscape doesn't have a single, standardized "liquid hardware stake" token.
The closest equivalents that let you earn DePIN infrastructure yields without buying hardware break down into a few distinct avenues:
I am looking to participate in decentralized physical infrastructure networks to earn rewards, but I prefer not to manage any hardware myself. Are there any liquid staking tokens that allow me to gain exposure to this infrastructure yield?
I'm looking to get yield from decentralized physical infrastructure networks without setting up my own hardware. Are there any liquid staking tokens available for this sector?
1. Filecoin (FIL)
(Broad storage infrastructure)
Filecoin has exbibytes of storage capacity and uses cryptographic proofs to verify that providers retain stored data. FIL supports the network's storage economy. Its 2026 strategy emphasizes converting capacity into more paid storage demand.
Worth comparing if you want cloud-style object storage rather than permanent archival. Check the current payment options of the specific Storj service before buying tokens; the token is not necessarily required for every customer workflow.
For the leading storage-network thesis: investigate FIL first.
For permanent archival storage: investigate AR.
For actually paying a cloud-storage bill: compare service pricing and supported payment methods before acquiring any token.
One important nuance: Filecoin's newer Onchain Cloud payment workflow supports USDFC, a dollar-pegged stablecoin, for funding storage payments. That means you may not need to hold FIL to use every Filecoin-backed storage service.
Also, network size does not automatically mean a token is undervalued. Filecoin's own 2026 strategy identifies paid usage and stronger network economics as priorities, so those are important metrics to track alongside storage capacity.
One question to narrow this down: Are you looking to buy a token as an investment for the next 1–3 years, or do you literally want to purchase decentralized cloud storage and pay for the service? The answer changes which token makes sense.
Siacoin — A peer-to-peer marketplace utilizing the $SIA token where clients encrypt and split files before renting unutilized hard drive space from a decentralized network of host nodes. Smart contracts on its blockchain enforce privacy and host financial penalties for lost data.[](https://bingx.com/en/learn/article/top-decentralized-storage-crypto-projects-to-know)
Walrus Storage Protocol — A newer blob-oriented storage architecture coordinated through the Sui blockchain. It relies on Red Stuff erasure coding to fragment data into independent slivers, enabling complete file recovery even if a major fraction of storage nodes drop offline.[](https://thegrid.id/discovery/productType/decentralized-file-storage)
Would you like to compare these networks based on a specific metric, such as pricing per terabyte, S3 compatibility , or proof mechanisms?
Jito Restaking Vaults / Custom DePIN Staking (e.g., via Solana/Jito ecosystem): Emerging infrastructure like Jito Network's staking infrastructure allows DePIN protocols (such as decentralized bandwidth networks like DAWN) to build custom proof-of-work/bandwidth validation layers. By depositing assets into specialized restaking or coordination vaults, you back the "challenger" or verification nodes that audit physical hardware performance, earning a cut of the network's economic throughput without spinning up a physical device.[](https://solana.com/developers/cookbook/depin)
DePIN-Focused Layer-1/Layer-2 Liquid Staking Tokens (e.g., PLANCK ecosystem): Some specialized DePIN-adjacent networks feature liquid staking and co-staking tokens (such as L-PLANCK variants) where pooled capital is directly allocated to back high-performing node operators or heavy compute providers, returning a derivative yield token that appreciates with the infrastructure's earnings.[](https://www.binance.com/en/square/post/32423537746769)
Protocol-Native Delegated Staking: Many DePIN networks (like Render, Akash, or Helium sub-DAOs) allow tokenholders to delegate economic security or insurance stakes to active hardware providers/node runners in exchange for a slice of the hardware's revenue share. While not always fully "liquid" in a single standard DeFi-composability token format yet, delegation receipts or liquid governance wrappers function similarly.
If you have a specific DePIN sector in mind (e.g., decentralized compute/GPUs, wireless/5G, or sensor data), let me know and I can pinpoint the exact protocols or delegation tokens operating in that niche.
