The Web3 Index reports on the fees being paid into Web3 networks, which showcases real usage. Stay up to date on the latest Web3 trends whether you’re a supply-side participant keeping tabs on in-demand networks, a developer interested in building on top of the most promising Web3 infrastructure, or simply a crypto-enthusiast passionate about the Web3 movement. Unlike most indexes in DeFi (a category of Web3) that use market capitalization or "total locked value (TLV)", The Web3 Index uses a fundamental index methodology. A key belief behind the fundamental index methodology is that underlying valuation figures (i.e. network revenue and usage) are more accurate estimators of a network's intrinsic value, rather than the listed market value of the project. In the spirit of this methodology, you won't see any token prices on The Web3 Index.