According to Dune data, MetaMask's share of the Web 3 wallet swap market is experiencing a precipitous decline, falling from near-80% dominance at the end of 2022 to a marginalized position of less than 1% today. While MetaMask hasn't been complacent, actively expanding its ecosystem through tools like Snap and supporting multi-chain wallets like Solana in recent years in an effort to maintain its developer-friendly and open ecosystem, the actual results have been insufficient to counteract this trend.
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The world’s first DePIN grand event — DePIN Expo 2025 — successfully concluded at Hong Kong Cyberport! The expo brought together global industry leaders, scholars, and developers, focusing on decentralized physical infrastructure (DePIN), AI, and Web3 frontier applications. With over 20 innovative projects showcased, it highlighted Hong Kong’s strategic position as an international DePIN hub and opened a new chapter for real-world infrastructure and economic models.
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