Spent two hours organizing a Web3 project monitoring sheet, the last update was a month ago. In such a bear market environment, no progress in a month seems normal, but the results were surprising—there are still quite a few new projects. Even more interesting is that the overall structure is quietly changing: the proportion of DEX projects and prediction market projects has significantly increased, and this trend is quite intriguing.

Regarding project cleanup, all projects like Kaito that have already failed or are no longer being tracked have been deleted. The ones marked in green are recently added to the monitoring list, and most of these projects focus on two areas—one is various innovative solutions in decentralized exchanges, and the other is on-chain data-based prediction trading platforms. This change actually confirms a market judgment about the capital hotspots in 2026: traditional liquidity ecosystems are mature, and incremental opportunities are shifting toward more segmented and experimental tracks.