Web3 is a dynamic ecosystem that brings together founders, token holders, developers, and users to create a decentralized internet owned by its users. It has rapidly evolved from simple infrastructure and vision to innovative use cases across various sectors like finance, art, and supply chain management within just a few years. The text discusses the evolving metrics for measuring Web3's growth and the necessity of developing more robust metrics, such as dApp revenue, daily active users, and transaction value executed (TVE), to better assess the ecosystem's fundamentals. As Web3 becomes more intertwined with the real world, these new metrics are emerging to provide deeper insights into its development. It highlights the potential of Web3, with predictions suggesting that by 2031, Web3 could have a billion users and generate $827 trillion in value. The text also explores the current trends influencing these metrics, such as capital focusing on sustainable economic indicators, the emergence of developer tools to facilitate the transition from Web2 to Web3, the role of L2 scaling solutions in reducing transaction fees, and foundational infrastructures like Chainlink bridging Web3 with real-world assets. The piece emphasizes the importance of metrics like Total Value Locked (TVL), dApp revenue, GitHub star counts, unique on-chain addresses, daily active users, crypto market cap, and transaction volume in painting a comprehensive picture of Web3's evolution and economic potential.