The Web3 market doesn't publish quarterly earnings. But five years of launch data paints a comparable picture. 997 products, engagement trends, and the names that rose above the noise.
Five years of Web3 launch data. Volume, engagement, and the products that stood out.
The Web3 market doesn't publish quarterly earnings. But five years of launch data paints a comparable picture. 997 products, engagement trends, and the names that rose above the noise.
| Quarter | Launches | Avg Interest Score | Top Product |
|---|---|---|---|
| Q1 2026 | 4 | 63 | Walme Wallet |
| Q1 2025 | 25 | 63 | URnetwork |
| Q2 2025 | 21 | 86 | Long |
| Q3 2025 | 16 | 44 | Enigma X |
| Q4 2025 | 21 | 82 | Nora |
| Q1 2024 | 29 | 157 | Reiki by Web3Go |
| Q2 2024 | 24 | 115 | Airdrop Tracker |
| Q3 2024 | 24 | 72 | Dentity |
| Q4 2024 | 13 | 150 | Venga App |
| Q1 2023 | 72 | 101 | DL3ARN |
| Q2 2023 | 67 | 97 | Webstudio.so |
| Q3 2023 | 86 | 133 | Clustr |
| Q4 2023 | 45 | 108 | TransferChain Drive |
| Q1 2022 | 70 | 149 | Value.app |
| Q2 2022 | 83 | 113 | HUMANS |
| Q3 2022 | 59 | 121 | Phyllo |
The Web3 category has been cooling over the past 6 years of tracked data. Total launches went from 263 in 2021 to 4 in 2026.
Average engagement ratio across all Web3 launches sits at 0.38. Products above that threshold tend to serve a real, specific need. Products below it often entered a crowded market without sufficient differentiation.
Depends on what's declining. If volume drops but engagement rises, the market is maturing. That's often good for existing players. If both drop, the category may be dying. The quarterly breakdown on each page tells you which pattern you're seeing.
At least three. Two data points is a line, not a trend. We have five years of data for most categories, which is enough to distinguish real shifts from noise.
Current year launches compared to the same period last year. Positive means more products launching. Negative means the category cooled. Neither is inherently good or bad. A mature category with fewer but better launches is often healthier than one flooding the market with clones.
Launch volume drops but engagement per product rises. Fewer builders entering, but the ones that do find a more receptive audience. That's an opportunity signal. We flag it when we see it.
We report what happened. We don't predict. Five years of data shows patterns, but markets surprise people for a living.