Definition ∞ A bandwidth market refers to a system where network capacity is bought and sold. In the digital asset space, this often involves decentralized protocols that enable the exchange of internet bandwidth resources. These systems typically use token incentives to coordinate participants and facilitate the allocation of network access. The underlying goal is to create more efficient and accessible global data transfer mechanisms.
Context ∞ Decentralized physical infrastructure networks, or DePINs, are a key area where bandwidth markets are gaining traction. These initiatives aim to democratize access to network resources and potentially reduce costs for users by leveraging a distributed network of providers. Observing the growth of such markets provides insight into the expansion of real-world applications for blockchain technology.
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