Analyst Takeaway

• Monthly active users (MAU) on Dabba Network are the unique users connecting to a Dabba hotspot daily.
• As of April 2026, Dabba Network supports over 647,000 MAU. Data consumption in Q1 2026 averaged 1,184 TB per day.
• Each new LCO and Home Pass expands Dabba’s serviceable footprint, increasing the number of reachable users and reinforcing a compounding growth flywheel for network adoption and revenue.

Analyst Takeaway

• Local Cable Operators (LCOs) are on-the-ground partners who deploy, operate, and maintain Dabba’s broadband infrastructure, while Home Passes represent addressable homes/buildings that can avail Dabba Network services based on the existing infrastructure that the network has built.
• As more LCO’s and Home Passes come to the Dabba Network, the total addressable market for the Dabba Network grows.
• Q1 2026 growth in new LCOs and Home Passes has steadied as the team was focused on executing the token generation event for DBT. Growth in the LCO pipeline is expected to resume as the Dabba team shifts resources back to growing the network.

• On April 15, 2026, Dabba launched its native token, DBT, with a total supply of 10 billion tokens. As of April 28, 2026, the price of DBT is $0.004, corresponding to an FDV of $44.9 million.
• The allocation of DBT commits 50.4% of the supply to future emissions & community rewards. This adds an incentive mechanism for further growth of hotspot owners in a network that has already achieved product-market fit.
• Seed investors, private presale investors, foundation/treasury, and team allocations comprise of 40% of the total allocation of DBT. The final 9.6% is reserved for the community with monthly unlocks.

Analyst Takeaway

• Dabba launched their native token, DBT, on April 15, 2026, marking a significant milestone in the growth of the project. With over 651,000 daily active users, the Dabba network has proven product market fit before launching their token.
• Dabba’s expansion is being driven by Local Cable Operators (LCOs), with more than 75 active partners as of April 2026 and a growing waitlist of additional operators seeking to onboard, signaling sustained supply-side demand and a scalable deployment flywheel.
• Demand for internet connectivity through the Dabba Network has increased consecutively MoM with over 41,800 TB consumed in March 2026. In comparison, the Dabba Network’s cumulative data consumption in 2025 was 63,900 TB.
• Total hotspots deployed reached 130,000 as of April 2026 and 30-day revenue is $457,960, showcasing a sustainable business model with product market fit. The DBT launch on April 15, 2026 will drive incentives for further expansion of the network.

Analyst Takeaway

• As of April 2026, the Dabba Network has over 130,000 active hotspots deployed throughout 4 states and 25 cities in India.
• While internet access in India has scaled primarily through mobile networks, fixed broadband penetration remains below 5% in a country of over 1.4 billion people.
• This structural gap leaves many peri-urban and rural communities without reliable, scalable internet access, creating the opportunity Dabba is actively addressing through localized hotspot deployment.

Dabba Network is a Decentralized Physical Infrastructure Network (DePIN) built on Solana that delivers fixed broadband internet across India through a locally executed deployment model. The network aggregates Local Cable Operators (LCOs) as its last-mile execution layer, with operators responsible for installing, maintaining, and supporting WiFi hotspots in their communities. Individuals purchase approved hotspot hardware, complete KYC, and lease devices into the network, while backhaul providers supply upstream connectivity. Dabba coordinates these participants through standardized tooling, telemetry, and settlement, enabling reliable broadband delivery without a centrally owned operator.

Analyst Takeaway

• Dabba hotspots are deployed by Local Cable Operators (LCOs) for paying subscribers who rely on them as their primary internet connection.
• As of April 2026, Dabba surpassed 129,000 subscribers that generated $600,000 in monthly recurring revenue for the network.
• At the current growth rate, the network is expected to exceed $7 million in monthly revenue by year-end 2026.

Analyst Takeaway

• The Dabba Network enables anyone across the globe to buy a Dabba compatible hotspot to be deployed in India by a Local Cable Operator (LCO).
• As of April 2026, over 26,000 hotspots were bought by community members that span across 30+ countries.
• The Dabba Network has seen over 95% uptime in the past 7 days, providing sustainable connectivity to underserved communities.