How far has Web3 progressed in the past two years?

Projects shout "decentralization" every day, but their practices are just like those of centralized big companies:
Attract new users, create hype, list on exchanges, and then gradually no one mentions it anymore.

🟢They use 40% of the platform's profits to buy $BTC and $UXLINK.
It is not a market-making strategy, nor is it a buyback compensation for investors after offloading, but rather 40% of the actual business revenue is used for buyback.

Moreover, this account has already accumulated nearly 700,000 USD in buyback reserves, and it will continue to grow in the future.

🟢In a sea of agreements that maintain their popularity through narrative and funding rounds, this "self-sustaining + profit reinvestment" model stands out as quite rare.
Moreover, #UXLINK relies on its own Fuji Pay and R2USD business to generate systemic revenue.

🟢When integrating familiar social interactions, on-chain credit, and real payments into a closed loop, it has actually transcended the original concept of "applications" in Web3.
Upgrade "social network" to "asset distribution network" for users to generate on-chain behaviors (payments, recommendations, staking, monetization), and these behaviors can essentially become the entry points for future financial applications. #KAITO

💬Conclusion: In an environment where uncertainty in Web3 is increasing, we may need to pay more attention to projects that are not sustained by hype or dream-selling.