RootData: The competition in the financing track is extremely polarized, and the Web3 native track is marginalized

According to the “RootData 2025 Web3 Industry Annual Report”, the financing layout shows a strong tendency towards "TradFi", with the CeFi sector leading with a total of $27.12 billion, and the average single financing amount is 8.7 times that of infrastructure.

In contrast, the Web3 native sectors such as NFT, DAO, and social entertainment account for only 0.5% in total, collectively entering a marginalized phase. Funds are accelerating towards regulated-friendly projects with clear cash flows (such as RWA and compliant CeFi).