Analyst Takeaway

• Monthly active users (MAU) on Dabba Network are the unique users connecting to a Dabba hotspot daily.
• As of January 2026, Dabba Network supports over 480,000 MAU that historically have consumed 120 TB of data 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 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.
• Q4 2025 had dramatic increases across DAU and bandwidth consumed on the Dabba Network, showcasing scale and user demand as the network expands.

Analyst Takeaway

• As of January 2026, Dabba had 500,000 daily active users, showcasing user demand for new solutions within fixed broadband internet, a market that has less than a 5% penetration in India.
• Network activity on Dabba has scaled over the past year with cumulative data consumption surpassing 63,900 TB, which averages to over 120 TB per day, highlighting strong demand for fixed broadband internet access for homes, businesses, schools, and communities.
• Dabba Network has demonstrated product-market fit throughout 2025, scaling to more than 100,000 deployed hotspots and over $600,000 in monthly recurring revenue. This growth occurred entirely before the launch of any token-based incentives, indicating adoption driven by real demand rather than subsidies.
• Dabba’s expansion is being driven by Local Cable Operators (LCOs), with more than 60 active partners and a growing waitlist of additional operators seeking to onboard, signaling sustained supply-side demand and a scalable deployment flywheel.

Analyst Takeaway

• As of January 2026, the Dabba Network has over 100,000 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 January 2025, Dabba surpassed 90,000 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 January 2026, over 23,500 hotspots were bought by community members that span across 30+ countries.