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chart-mixed-up-circle-currencyMarket Cap in depth

Understanding the financial potential behind Dobprotocol requires looking at the markets we can serve. To do so, we use the classic framework of TAM / SAM / SOM, which helps clarify the scale, scope, and realistic opportunities for growth.

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Definitions & methodology

  • TAM / SAM / SOM (framing & pitfalls). We follow practical startup conventions so TAM is a context ceiling, SAM is the reachable pool, and SOM is the obtainable share now; this avoids “wishful TAM” and %-of-market hand-waving [1].

  • CAPEX vs OPEX. CAPEX = build/upgrade spend (one-off/staged); OPEX = operating expense/revenue (recurring). We size CAPEX and OPEX separately to avoid denominator mixing [2][3].

  • Data-center scope. We include facilities (plant/MEP: power, cooling, civil) and exclude IT/servers; industry sources distinguish these cost buckets, and facility spend is a material share of build budgets [10][11][12][13][15].

  • Cycle time / “closability.” PPPs and large infrastructure have long tenors (e.g., 24–30 years) and slow paths to financial close (often 9–12 months from award), plus renegotiation risk—hence our short-term CAPEX focus and conservative filters in SAM and SOM [4][5][6][7].

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Global TAM – Total Addressable Market

The total annual capital expenditures (CAPEX) in physical infrastructure that Dobprotocol can validate and tokenize.

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How much potential does this imply for Dob?

  • If Dob eventually intermediated ~1% of the mid TAM (≈$13.3B/yr routed), and charged ~1.0–1.5% blended investment-flow fees, that’s ~$130–200M/yr in fees [28][26][27].

  • At ~2% share: ~$26.6B/yr routed → ~$270–400M/yr in fees.

These are long-run possibilities, not Y1–Y3 claims; our near-term plan deliberately stays in the short-cycle, niche/medium wedge.

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SAM – Serviceable Available Market

The LATAM infrastructure gap ≈ $250B/year.

LAC’s widely cited infrastructure gap is roughly 5% of GDP (~$250B/yr) needed to meet growth/SDG targets; this is the regional ceiling from which we carve out Dob-relevant, short-cycle categories [21][31][32].

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SOM – Serviceable Obtainable Market

SOM focuses even further, isolating Chile, Peru, and Mexico. Three countries with strong renewable, mining, and data center sectors.

SOM is the share of SAM we can plausibly capture in 1–3 years, built bottom-up from

  • The obtainable pool of short-term, niche/medium CAPEX projects.

  • Realistic capture ramp.

  • A fixed 1.5% fee — not a blanket % of TAM/SAM [1].

For Dobprotocol, SOM represents the practical market we can capture in the near term, before expanding into the rest of LATAM and beyond.

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  • TAM — Total Addressable Market: Global annual spend in all relevant categories; a context ceiling, not a near-term target [1].

  • SAM — Serviceable Addressable Market: Portion of TAM in our regions/use-cases before share [1].

  • SAM-Context: Scale view (e.g., $85.1B/yr in LATAM categories); not fully reachable near-term [8][10].

  • SAM-Realistic: SAM filtered to short-term and niche/medium tickets we can actually serve now (derived from the $250B LATAM gap) [31][32][21].

  • SOM — Serviceable Obtainable Market: Bottom-up share of SAM we can plausibly capture in 1–3 years(pipeline + repeatable segments), not a fixed % of market [1].

  • Short-term CAPEX: Projects that can reach financial close and begin deployment within ~12–18 months [4][5][6][7].

  • Niche / Medium / Large projects: <$100M / $100–$500M / >$500M ticket sizes (Dob focuses on niche/medium near-term) [4][5].

  • Data-center facilities: Plant/MEP (power, cooling, civil), not IT/servers [10][11][12][13][15].

  • Validator: Cryptographic attestation of location/uptime/revenue underpinning Dob’s trust claims (internal product definition; rationale: transparency requirements across infra finance)

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