Has the Web 3.0 era arrived? Is it a wind vent?

Web3.0 is centered around "decentralization, trustworthiness, and user sovereignty", relying on underlying technologies such as blockchain to enable users to truly own their own data and assets, achieving "value co construction and benefit sharing", which is different from the monopoly model of Web2.0 platforms. Based on the current situation, it can be seen that Web3.0 has not yet fully arrived, but it has entered the "eve" of rapid development and is in a critical transitional period of technological iteration and application implementation.

At the technical and market level, the Web3.0 infrastructure has taken shape and the industry scale is steadily expanding. By 2025, the global Web3.0 market revenue is expected to reach 25.511 billion yuan, and is projected to increase to 326.051 billion yuan by 2032, with a compound annual growth rate of 43.91%. The Chinese market accounts for approximately 30% of the global market. The user base continues to increase, with over 120 million active on chain users worldwide and 34.4 million monthly active mobile wallet users as of October 2025. The proportion of ordinary investors has reached 50%.

Technologically, the core underlying technology continues to break through: Layer2 solutions have become mainstream, carrying 68% of the Ethereum ecosystem's transaction volume and significantly reducing transaction costs; Zero knowledge proof, account abstraction, and other technologies are accelerating their implementation, while smart contract wallets are optimized to lower user barriers to use. Meanwhile, the integration of AI and blockchain has become a new trend, and AI agents are expected to manage billions of dollars in on chain assets in the coming years.

However, immature technology and weak application implementation remain the core bottlenecks. Cross chain interoperability poses security risks, with a loss of over $120 million from cross chain bridge security incidents in 2025; Ordinary users have a high cost of understanding private keys and mnemonic words, resulting in a high user churn rate. More importantly, Web3.0 applications are mostly concentrated in the fields of cryptocurrency, NFT, etc., lacking national level applications related to ordinary people's lives, making it difficult to popularize on a large scale.

The answer to the second core question: Web3.0 is a long-term trend, but it is not a short-term speculative shortcut. Opportunities and risks coexist, and the value of the trend depends on its landing ability and compliance. Its core logic of restructuring Internet value distribution is established, and many tracks have shown landing results.

In terms of track opportunities, Web3.0 has shifted from concept to implementation: DeFi is gradually returning to rationality, and RWA has become a new growth point; NFT application scenarios extend to practical fields; The accelerated penetration of enterprise level applications, such as digital RMB smart contracts and blockchain supply chains, has confirmed their practical value; The annual trading volume of stablecoins reaches $9 trillion, far exceeding PayPal.

The capital layout also confirms its long-term value. By 2025, the proportion of institutional investors' holdings will increase to 25%, attracting over $10 billion in inflows from traditional asset management companies such as BlackRock; After converting the Grayscale Bitcoin Trust into a spot ETF, the daily trading volume has significantly increased, injecting momentum into the industry's development.

The risks cannot be ignored either: firstly, regulatory uncertainty, global regulatory framework differentiation, China's high pressure on virtual currency trading, and policy changes may affect the industry landscape; The second is the risk of technology and market. Technology iterations are fast, encrypted asset prices fluctuate violently, project scams and security vulnerabilities occur frequently, and ordinary investors who blindly enter the market are easily harvested.