Blockchain Sector Shifts Focus towards Real-World Utility

The blockchain ecosystem is witnessing a significant shift in development activity, with AI-focused crypto projects taking center stage. This trend reflects a broader effort to reduce reliance on centralized tech giants and build a decentralized digital economy.

According to Santiment's data, the top-ranking projects are building core infrastructure for AI, storage, indexing, and decentralized finance. Chainlink is leading the charge with its decentralized oracle services that connect smart contracts with real-world data.

The focus on decentralized cloud infrastructure and storage is also gaining momentum, with Filecoin and Livepeer offering blockchain-based solutions for storing data and streaming video content. The Graph, a protocol for indexing blockchain data, is also making waves by enabling developers to easily query complex historical information.