February 6, 2023, 10:10AM EST
• 7 min read

The State of Web3 Economies

Quick Take

  • We provide an annual update to last year’s report on the web3 economy, covering new on-chain metrics across general-purpose, sector-specific, and scaling-oriented blockchains.
  • Depressing price action in 2022 masks the resilience and growth of web3 economies. Daily transactions and active addresses have decreased much less than token prices. Meanwhile, Ethereum scaling activity is ramping up.
  • While NFT and metaverse economic indicators fell sharply in 2022, DAOs maintained ~$10 billion in AUM through 2022, and membership grew threefold from ~2 to ~6 million.

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