Helium and GEODNET Lead Solana's DePIN Sector in Fee Generation

Two Solana-based DePIN networks are generating the largest verifiable fees in the sector. Helium Network HNT$0.487-2.4%Helium Network[[/PROJECT]] holds 93.7% of all DePIN fees tracked by Token Terminal, with $21.3 million in cumulative Data Credit burns over three years. GEODNET GEOD$0.290-3.2%GEODNET[[/PROJECT]] produced $905,680 in fees over the past 30 days according to DeFiLlama, with Solana accounting for $651,046 of that total.

Helium's Data Credits Account for 93.7% of Tracked DePIN Fees

Helium's fees measure burns of Data Credits (DC), the utility tokens spent on data transmission and other network services across its decentralized wireless infrastructure. Token Terminal, which sources this data directly from the Helium API, recorded $21.3 million in DC burns over three years. That figure gives Helium a 93.7% share of all DePIN protocol fees tracked on the platform; the second-ranked protocol, Livepeer, sits at $1.4 million over the same period.

HNTHNT[[/TOKEN]] is the network's native token, but DC burns are denominated separately and drive the fee metric. The model ties fee generation directly to actual usage: each data packet sent across a Helium hotspot costs Data Credits, making the burn rate a real-time signal of wireless demand.

Helium migrated from its own chain to Solana in April 2023, cutting per-transaction costs substantially. Compass covered Helium Mobile's revenue reaching $20 million cumulatively in June 2026, at a point when Solana DePIN sector quarterly fees collectively stood at $9.1 million.

GEODNET's 30-Day Fees Reach $905K, Led by Solana

DeFiLlama's GEODNET protocol page shows $905,680 in fees for the past 30 days, split between two chains: Solana ($651,046) and Polygon ($254,634). GEODNET launched on Polygon and has been migrating activity to Solana since announcing a migration bonus program in September 2025. On a 7-day basis, the protocol posted $200,925 in fees ($148,687 from Solana). Cumulative fees across the protocol's history have reached $10.43 million.

GEODGEOD[[/TOKEN]] is the network's native token, used in the buy-and-burn mechanism that routes protocol revenue back to holders.

Quarterly revenue on DeFiLlama peaked in Q2 2026 at $2.59 million, up from $1.75 million in Q1 2026. The network has logged $600,450 in fees in the first three weeks of Q3 2026.

GEODNET's RTK Revenue Model and $10.79M ARR

GEODNET's fees come from enterprise access to its RTK (Real-Time Kinematic) correction network. RTK improves GPS accuracy from meters to centimeters, which autonomous vehicles, agricultural drones, and robotics platforms depend on for precise positioning. Clients pay subscription fees to access station correction data, and that payment stream flows through the protocol's fee mechanism.

Per DeFiLlama's documented methodology, 80% of those fees go to repurchasing GEOD tokens from the open market and removing them permanently from supply. The remaining 20% covers foundation costs. In practice, the $905,680 in 30-day fees translated to $724,541 in holders revenue over the same period.

GEODNET's website reports $10.79 million in current annual recurring revenue, driven by 21,433 active stations across 160 countries consuming 334,927 gigabytes of RTK correction data. The gap between that figure and DeFiLlama's $7.13 million annualized fee rate likely reflects methodology: the project's own ARR tracks total enterprise subscription revenue, while DeFiLlama tracks on-chain fee events.

CryptoBriefing reported on July 21 that both networks "maintain high usage due to their roles in decentralized wireless and high-precision GPS services," characterizing the broader DePIN environment as a "general slowdown." The primary-source fee data above show continued output from both protocols, with GEODNET's current annualized rate running below the pace implied by Q2's peak quarter.