THE STATE OF NEW CHAINS

Summary from the TLDR Crypto newsletter

Several high-profile chains launched in early 2025, but only Unichain and WorldChain show strong signs of sustainable traction. This has largely been driven by DeFi integration and identity-linked network effects, whereas others like Berachain and Ink have struggled post-airdrop due to sharp usage drop-offs. The market is maturing fast: token hype is fading, and only chains solving real user problems or embedding into core crypto infra are surviving.