Exploring the Evolving Landscape of Web3 Altcoin Sectors

BitMine Immersion Technologies Expands Ethereum Treasury to $6.6B

BitMine Immersion Technologies, co-founded by Tom Lee, has solidified its position as a major player in the crypto space by expanding its Ethereum treasury to an impressive $6.6 billion. The firm now holds 1.5 million ether (ETH), representing approximately 1.3% of the total ETH supply. This growth comes after BitMine added $1.7 billion, or 373,000 ETH, to its holdings in just one week, showcasing strong institutional demand despite recent price volatility.

Tom Lee's strategic approach, known as the "5% strategy," aims to accumulate a significant amount of ETH over time, aligning with the company's vision of becoming a key player in the digital asset space. Standard Chartered has also raised its price target for Ethereum to $7,500 by 2025, citing regulatory clarity and corporate interest as key drivers of this optimistic outlook. BitMine's plans to issue $20 billion in stock to further expand its holdings highlight the growing trend of corporate adoption of crypto as strategic reserves.

Shifting Dynamics in the Web3 Ecosystem

The Web3 ecosystem saw stabilization in Q2 2025 with approximately 24 million daily users engaging with decentralized applications. While DeFi's user share declined from 26% to 19%, the sector still generated over 240 million weekly transactions. Institutional DeFi growth surged by 150% in total value locked (TVL) to $137 billion, driven by strategic partnerships and the rise of capital-efficient liquidity pools.

Emerging categories such as real-world asset (RWA) tokenization, decentralized physical infrastructure (DePIN), and AI-based DApps are playing an increasingly significant role in Ethereum gas usage, now accounting for 58% of total consumption. Smart contract platforms have outperformed the market, with an average return of 142%, highlighting the importance of foundational infrastructure in the evolving Web3 landscape.