According to EvanWeb3, in the web3 ecosystem, key metrics such as high payment volume, low total value locked (TVL), and low fully diluted valuation (FDV) often show disconnects that can mislead traders about actual project value (source: @EvanWeb3, Twitter, May 28, 2025). Unlike traditional web2, where intermediaries profit directly from transaction facilitation, web3 models often distribute value differently, impacting crypto asset pricing and trading strategies. Traders should closely analyze on-chain metrics and understand valuation frameworks beyond surface numbers to make informed decisions in volatile crypto markets.