In 2025, Web3 is transitioning to an application-driven era, marked by significant improvements in blockchain technology. Throughput has reached 3,400 transactions per second (TPS), and transaction fees have decreased to mere cents, facilitating broader adoption. Regulatory advancements in the U.S. and Hong Kong are fostering growth in sectors like finance, asset management, and AI coordination. Key areas of focus include stablecoins, real-world assets, and high-frequency trading. Analysts from a16z and 1kx highlight that as infrastructure challenges diminish, new altcoins will gain prominence. The fear and greed index indicates increasing confidence in application innovation, projecting sustained growth over the next seven years.