10x Research: Web3 is shifting from speculation to fundamentals-driven growth.

According to an article published by 10x Research, as reported by Odaily Planet Daily, most investors still view the market as a "price game," but the underlying structural changes of Web3 are profoundly reshaping the logic of asset pricing.

The report states that emerging Layer 1 ecosystems are showing a quantifiable relationship between user activity and long-term value for the first time, while deflationary mechanisms and continuous ecosystem incentives are redefining the yield structure of crypto assets.

10x Research believes the market may be shifting from a purely speculative cycle to a phase driven by fundamentals and internet growth, and proposes two potential profit paths: a 35% upside or a 79% upside, depending on how investors choose to position themselves.

The team stated that this could be "one of the most undervalued structural opportunities in the current cycle."