As the cryptocurrency sector gravitates towards fundamental metrics, net new assets (NNAs) have emerged as a significant indicator. NNAs represent assets that either didn’t exist before or relied solely on cryptocurrency infrastructure. This shift towards consumer-focused applications indicates that crypto is mainstreaming, allowing apps to grow their user bases and potentially achieve profitability. Improved user experiences and a more favorable regulatory atmosphere in the U.S. enhance this trend. Three projects exemplifying this transformation are Pump, Time, and Believe. Pump showcases significant trading volume and has catalyzed the rise in memecoins. However, Time and Believe will need to demonstrate sustainability in their success. The overall dynamics suggest that the crypto landscape is maturing, creating opportunities for user-driven applications while also increasing engagement with memecoins.

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