Analysis of Main Development Trends in the Web3 Field

Looking back at the predictions for the Web3 main line a year ago, it seems that about half of it has been accurate. The current main line and sub-line are roughly as follows:

1. Stablecoins and Real-World Asset Tokenization (RWA)

The most noteworthy projects in this field currently are:

• CRCL: Essentially bets on the top two positions in the stablecoin market. Although the current price still seems overvalued, considering that the stablecoin market may expand by 5-8 times in the next 5 years, along with the recent significant pullback, it might be a good entry opportunity.

• PlasmaFDN: As a strong competitor in the stablecoin public chain sector, it leads in financing scale, ecological construction, and social influence. After the mainnet launch, the total locked value (TVL) is expected to reach 3-4 billion USD. In the coming years, the trillion-dollar stablecoin market will bring enormous imagination space for the stablecoin public chain.

• ENA: As a representative of decentralized stablecoins, Ethena's USDE has surpassed 13.5B, with various fundamental indicators showing robust performance. In addition, its centralized stablecoin USDTB is also approaching a scale of 2B, with several future development directions including the RWA public chain Converge.

• Ondo: As the only project currently achieving 5X24 hour trading of US stocks without KYC barriers, it is backed by major institutional support and occupies a favorable position in the trend of on-chain RWA for borderless US stocks.

2. AI Agent

Some AI Agent projects that were quite popular last year have gradually cooled down, but this year a batch of AI Agents with real potential product-market fit has emerged. Notable mentions include HeyAnonai, Gizatech, Almanak, and ReiNetwork in the Web3 space.

I am relatively optimistic about the Bittensor halving event at the beginning of next year. If there is a price low at that time, it may be worth considering entering the market. As a leading project, multiple subnets have already started generating revenue, and the overall development prospects are quite good.

3. Meme Coin

The popularity of meme coins continues to soar, and this year we have even seen major launch platforms and leading projects competing for market share. However, the leading position remains solid, and they have begun to venture into new areas such as live streaming, moving towards a Web3 version of TikTok.

4. Prediction Market

As a potential new mainstay, the prediction market has recently performed impressively. Polymarket data is steadily increasing, and Kalshi has risen rapidly. The primary market has seen a surge of new projects, while there are fewer targets in the secondary market; attention can be paid to the possible token issuance of Polymarket in the future.

Some experts believe that the development of prediction markets may disrupt the traditional insurance industry by providing users with a more transparent way to manage risks.

Conclusion

From another perspective, this round may focus on projects that “have real income and profits and buy back tokens.” In the stablecoin/RWA field, in addition to the projects mentioned above, Tempo is also worth paying attention to, as it is backed by Stripe's strong B2B channels and Paradigm's technological strength.

The future landscape of stablecoin public chains may present a dual dominance of Plasma To C + Tempo To B. Overall, the Web3 field is developing towards a more practical and diversified direction.