Financial vs. Non-Financial Web3 — Where Are the Wins?

[tradelikepro]

The top-performing crypto applications today are all financial use cases — stablecoins, DeFi platforms, and payments infrastructure dominate revenue and fees.

Dragonfly focuses on these financial applications, investing in stablecoins, payment networks, synthetic dollars, and layer-1 blockchain infrastructure.

By contrast, a16z Crypto spreads its portfolio across Web3 social platforms, gaming, digital identity, and media streaming — areas that haven’t yet generated comparable adoption.

The debate among VCs reveals a core question: Is the lack of traction in non-financial crypto due to flawed products, investor skepticism, or simply a market that hasn’t matured yet?

[madtrader]

dragonfly sticking to stablecoins and payments makes sense if you want actual traction