Asia Morning Briefing: Are Distributed Compute Tokens Undervalued vs. CoreWeave (CRWV)?

Key Points

1. Distributed compute tokens serve AI, storage, and GPU markets but are modestly valued, unlike GameFi tokens which often have inflated hype.

2. The market cap for decentralized GPU power tokens is $12 billion, while the GPU-as-a-service industry is valued at $8 billion in 2025, projected to grow to $26 billion by 2030.

3. CoreWeave, a centralized AI infrastructure company, trades at 15 times forward sales despite a $314.6 million net loss in Q1 2025, highlighting the disparity in valuation between centralized and decentralized compute services.

4. SRM Entertainment staked 365 million TRX tokens, potentially yielding a 10% annual return, as part of a TRON treasury strategy modeled after bitcoin-holding firms.

5. Sogni AI launched its mainnet and listed its SOGNI token on multiple exchanges, focusing on decentralized generative AI workflows with a chain-agnostic approach.