Market Cap
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.
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].
Global TAM – Total Addressable Market
The total annual capital expenditures (CAPEX) in physical infrastructure that Dobprotocol can validate and tokenize.
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.
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].
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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