Web3 infrastructure is quickly becoming one of the hottest sectors. This report sheds light on the revenue of nine prominent Web3 infrastructure protocols alongside four sub-sectors: file storage, computation, wireless connectivity, and blockchain data.
Overall revenue generated by Web3 infrastructure sector declined 67% QoQ to $5.6 million, with Filecoin and Pocket accounting for 91% of the overall revenue. When excluding both Filecoin and Pocket, the sector cumulatively generated $505,000 in revenue in Q3’22, up 8% QoQ.
