Chargenetix Inc., a leading developer of a Decentralized Physical Infrastructure Network (DePIN)-based EV charging protocol, has signed a strategic partnership with Pluglink Inc., one of Korea’s top-tier CPO (Charge Point Operator).
Largest Pre-Committed Physical Infrastructure in EV Charging DePIN Sector
Under the agreement, approximately 50,000 chargers — including 35,000 currently in operation and 15,000 under construction or planned — will be integrated into the Chargenetix protocol ahead of its planned token generation event (TGE) in 2026. This forms the largest pre-committed physical infrastructure base in the EV charging DePIN sector to date and lays the foundation for significant real-world on-chain transaction volume from day one.
The Emerging Global DePIN Market and Chargenetix's Unique Approach
The global DePIN market is rapidly emerging as one of the most promising sectors in Web3. According to Messari, the market could reach up to $3.5 trillion by 2028. While global projects such as Render and Aethier are already established, Chargenetix is pioneering a new DePIN model focused specifically on the critical EV charging infrastructure vertical.
At the core of Chargenetix’s differentiation is its proprietary C2C (Charger-to-Chain) node technology. Unlike other DePIN projects that require users to purchase new hardware, Chargenetix provides a retrofit solution. Existing chargers using standard OCPP/OCPI protocols can connect directly to the blockchain, converting Web2 infrastructure into fully programmable Web3 assets - with no hardware replacement or large-scale capital expenditure needed. This allows electric vehicle users to continue enjoying the same seamless charging experience, while dramatically improving data transparency and settlement processes.
Addressing the 'Chicken-and-Egg' Problem in DePIN
“EV charging DePIN projects will face the fundamental chicken-and-egg problem: users must buy expensive new hardware before the network has any value,” said Byungseok Jung, CEO of Chargenetix. “Chargenetix starts with infrastructure that is already in active use. This approach gives us a clear execution advantage and is expected to generate millions of real on-chain transactions annually from TGE onward, driven purely by actual charging activity.”
A Chargenetix spokesperson explained, “Following TGE, the charging sessions across these 50,000 chargers will produce sustainable on-chain transactions rooted in real-world economic activity, not speculative demand. This establishes a foundation for stable, recurring protocol revenue through transaction fees.”
Global Expansion Plans
After successful integration in Korea, Chargenetix plans to expand to Europe and North America starting in 2026. This expansion is expected to bring global EV charging infrastructure into a decentralized network, establishing a new standard for the global market.
About Chargenetix
Chargenetix is building a DePIN (Decentralized Physical Infrastructure Network) protocol that brings real-world EV charging infrastructure on-chain. By connecting existing chargers to the blockchain via its proprietary 'C2C (Charger-to-Chain)' node technology, it creates new revenue streams for station owners and innovates the efficiency and accessibility of the EV charging ecosystem through real-time data sharing and transparent transactions.
About Pluglink
Pluglink is South Korea’s top-tier EV charging infrastructure operator (CPO), selected for four consecutive years as a government-backed service provider by the Ministry of Environment, and the first company in the country to commercialize Plug & Charge (PnC) technology. It plays a leading role in South Korea’s rapidly growing electric vehicle ecosystem.