1 month ago
2025 was defined by a stark divergence: structural advancement collided with stagnant terms action. Institutional milestones were reached and TVL accrued crossed astir large ecosystems, yet the bulk of large-cap Layer-1 tokens finished the twelvemonth with antagonistic oregon level returns.
This study analyzes the structural decoupling betwixt web usage and token performance. We analyse 10 large blockchain ecosystems, exploring protocol versus exertion revenues, cardinal ecosystem narratives, mechanics driving organization adoption, and the trends to ticker arsenic we caput into 2026.
English (US) 