Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Web3 is declared dead; DeFi and DePIN remain as viable blockchain sectors, says Solana Treasury chairman.

Market News
01 Jun 2026
UToday
View Source
Bearish
pluang ai news

Kyle Samani, chairman of Solana Treasury, stated that Web3 as a broad concept has failed to gain widespread traction, with most projects struggling to maintain users or deliver significant activity. Instead, decentralized finance (DeFi) and decentralized physical infrastructure networks (DePIN) continue to show real demand and user engagement, handling billions in value and offering practical blockchain applications. Additionally, tokenized real-world assets (RWAs) are gaining interest from institutions seeking transparency and blockchain-based settlements. The market now favors blockchain sectors that produce measurable results over grand Web3 narratives.

More News

Smartphone market to reach $739B by 2031, driven by 5G, AI features, and foldable tech growth

Smartphone market to reach $739B by 2031, driven by 5G, AI features, and foldable tech growth

The global smartphone market is projected to grow from $609.29 billion in 2026 to $739.23 billion by 2031, with a CAGR of 3.94%. Growth is fueled by increasing adoption of 5G devices, AI-powered features, premium upgrades, and innovations like foldab...

Market News
Bullish
47 minutes ago
Small satellite market to grow to $32.7B by 2035, driven by LEO broadband and Earth observation demand

Small satellite market to grow to $32.7B by 2035, driven by LEO broadband and Earth observation demand

The global small satellite market, valued at $7.05 billion in 2025, is projected to reach $32.71 billion by 2035, growing at a CAGR of 16.58%. Growth is fueled by massive investments in low Earth orbit (LEO) satellite constellations for broadband int...

Market News
Bullish
1 hour ago
Iran war seen as chance to reduce oil reliance by boosting alternative energy, says investor Ross Gerber

Iran war seen as chance to reduce oil reliance by boosting alternative energy, says investor Ross Gerber

Investor Ross Gerber views the ongoing Iran war as a unique opportunity for the world to lessen its dependence on oil by adopting alternative energy sources. He suggests that cutting global oil consumption by 10% could make the strategic Strait of Ho...

Market News
Neutral
1 hour ago
S&P 500 set to open higher amid falling oil prices and Nvidia AI optimism

S&P 500 set to open higher amid falling oil prices and Nvidia AI optimism

The S&P 500 closed May at record highs, driven by strong tech gains and softer inflation data. June opens with calmer geopolitics as oil prices drop nearly 9%, easing pressure on markets. Nvidia's upcoming AI keynote and key retail earnings will infl...

Market News
Bullish
2 hours ago
Jyske Bank buys back shares worth over DKK 1 billion under 2026-27 repurchase program.

Jyske Bank buys back shares worth over DKK 1 billion under 2026-27 repurchase program.

Jyske Bank is conducting a share buyback program from February 5, 2026, to January 29, 2027, with a maximum value of DKK 3 billion. As of the latest transactions in late May 2026, the bank has repurchased 1,109,017 shares valued at over DKK 1 billion...

Company Fundamentals
Bullish
2 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App