The State of Web3 in 2022 through Data

Tomasz Tunguz analyzes the crypto ecosystem's health in 2022 through quantitative metrics including wallet activity, developer engagement, and trading volumes. The analysis reveals a mature but contracting market with flat user growth, declining trading volumes, and falling developer participation, characterized as a market downturn with potential for innovation. Key findings show concentration among major chains, strong NFT adoption on Solana, and improving L2 efficiency.