• Web3 infra > hype apps — capital flowing to foundations, not memes
• BNB Chain & modular chains gaining traction due to low fees
• Real-World Assets (RWA) becoming the strongest Web3 use case
• DeFi is stabilizing → fewer forks, more real revenue
• Gaming & Metaverse still building, but adoption is slow
• AI + Web3 shifting from narrative to real utility
