The turbulence of 2025 has fully demonstrated the vitality of the Web3 industry. After the big waves and淘沙, this ecosystem is still evolving and growing. Turning into 2026, the "second half" of the game has already begun.

The latest annual report from industry research institutions points out that this is a critical moment when the "first half" transitions into the "second half." This is not just a matter of time passing, but a paradigm shift. From hollow narratives and exaggerated promises, we are gradually moving towards real delivery and practical applications — this is the core test that the Web3 ecosystem will face in 2026.

Many projects and platforms have already begun adjusting their strategies, shifting from mere concept hype to product iteration and user experience refinement. Market tolerance for "storytelling" is decreasing, while expectations for "getting things done" are rising. In the second half, it’s no longer about who writes the most impressive white paper, but about who can implement technology, retain users, and truly bring the ecosystem to life.