The cryptocurrency market is undergoing a significant transformation, with the Web3 era giving way to more practical applications of blockchain technology. Investors are increasingly focusing on the use of blockchain for financial purposes, such as payments, custody, and trading, rather than on speculative projects like games and metaverses.
This shift is reflected in Bitcoin's rising dominance, which has reached new highs. Unlike previous bull runs, capital is staying with Bitcoin, the king of crypto, rather than flowing into altcoins. This trend suggests that smart money is prioritizing stability over speculation.
Experts say that this pivot is driven by a recognition of blockchain's true potential in finance. Rather than trying to rebuild the internet, blockchain can be used to improve existing financial systems and provide greater efficiency and security.