Time for a web3 reality check: Which altcoin sectors are really delivering?

Web3 activity has stabilized at 24 million daily users. DeFi transactions lead at 240 million weekly, but gas consumption is increasingly dominated by Real-World Assets (RWA), Decentralized Physical Infrastructure (DePIN), and Artificial Intelligence (AI) sectors.

Despite regulatory uncertainties, DeFi remains influential with 150% increase in Total Value Locked (TVL) since January 2024, totaling 137 billion USD. Unique Active Wallet counts show a decline, revealing the trend towards institutional investments.

While smart contract platforms and DeFi tokens show substantial growth, AI and DePIN sectors lag behind. Transaction data reflects underlying market dynamics, emphasizing the need for tangible utility amidst evolving Web3 narratives.

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