According to a16z’s 2022 State of Crypto report, Ethereum is maintaining its lead in web3 developers but rivals are overtaking in activity.

The report opens with some history of the various web eras and why web3 has many people excited:

Web1 (~1990-2005) – Based on open protocols, decentralised, and community-governed. However, relatively basic in terms of functionality.Web2 (~2005-present) – Siloed, centralised services with value and content ownership granted to a...