- StorX network $SRX It bucked the overall bearish trend while other storage tokens struggled.
- Recent rallies contributed to the overthrow of Storgi ($STORJ) token ranks in the world market capitalization ranking.
- Messari analysts expect the DePIN category to have a big year in 2026.
StorX Network has been shining a bit lately, posting relatively strong performance despite macro headwinds and internal flaws rocking the entire crypto market.
According to data from CoinMarketCap, the decentralized storage sector is currently struggling, and even the biggest players are not exempt. Big names like BitTorrent (BTT), Arweave (AR), and Walrus (WAL) reportedly suffered double-digit losses in the last week, dropping 13.65%, 23.31%, and 21.99%, respectively.
Despite the current market-wide catastrophe, the DePIN sector is expected to do better this year than last year, when it raised nearly $1 billion in 91 rounds in total, less than it took to raise the roughly $700 million it achieved in 2024.
Storx Network has weathered general market downturns
Storx Network has recently shown stability that appears to create a price floor not found in other storage tokens.
Amidst the overall instability, the StorX network ($SRX) is trading at $0.06767 and has been above the green line for the past 7 days. In the case of circulating supply amount 725.44M $SRX Despite the bearish macroeconomic environment, liquidity remains healthy with 24-hour trading volume remaining steady at nearly $3 million.
This stability has given StorX a market cap of nearly $49.1 million, surpassing Storj ($STORJ) token and has a market capitalization of $47.6 million after a weekly decline of 11.39%.
Storj has stalled due to recurring internal issues
Although there was no “hard fork” in the sense of an abrupt split in the blockchain (like Bitcoin and Bitcoin Cash), StorX was launched in mid-2021 as a software fork based on the legacy code of Storj v2.
Therefore, projects are often compared with each other. However, the old Storj faced recurring issues that caused volatility risks due to pressure on tokens for node operator payments.
Storj pays nodes in Storj tokens rather than fiat currency or stablecoins, exposing operators to price fluctuations. Therefore, a sharp decline in the value of the tokens will impact payments and Storj risks facing higher effective costs when buying back the tokens for distribution.
There are currently concerns that without rising prices or significant demand for storage space, Storj could run out of token reserves for payments by mid or late 2026.
Some node operators and users have criticized the current token model as counterproductive to attracting and retaining node operators, and have suggested alternatives such as stablecoins and traditional payment processors to address crypto volatility and foreign exchange issues.
$SRX Leverage retail liquidity to achieve positive performance
Retail interest appears to be focused on the following areas: $SRX Its challenging performance earns it recognition as the value play of the month, creating a positive loop where good performance is rewarded with greater returns.
The Storx Network’s robust node infrastructure acts as an important stabilizing device. Unlike purely speculative assets, StorX is backed by a decentralized network of revenue-generating hosting nodes. $SRX Store encrypted data segments.
By incentivizing node operators to provide storage capacity, StorX is creating an ecosystem where participants are less likely to liquidate during short-term market downturns.
Utility-driven demand appears to be the main reason for creating a price floor that other storage tokens have not been able to replicate. Therefore, while market leaders drain value, $SRX is showing positive signs of stability in its corresponding 7-day indicators, which has helped upset OG projects like Storj in the global market capitalization rankings.
On the institutional side, the DePIN category is also suggested by Messari analysts as having growth potential.
Their 2025 report shows that a small but growing group of DePIN networks achieved sustained on-chain revenue growth, even when the overall market wasn’t doing so well. As far as Messari is concerned, this is proof that DePIN projects do better in bear markets than regular alternative projects or L1.
As enterprise demand for decentralized cloud storage increases, networks that offer stable uptime and sustainable node rewards, such as StorX, are expected to continue gaining market share from older, unstable protocols.
