Our in-depth analysis examines the performance of Arweave (AR), Injective (INJ), and Immutable (IMX). We explore price trends, market caps, trading volumes, and delve into their unique dynamics. Despite varying levels of activity, all three projects have seen gains, illustrating a decoupling between price movements and trading volume. While Injective experienced gains despite decreased trading volume, its future performance hinges on sustained demand. Immutable’s strong price performance is tied to community adoption and limited supply, but reduced trading activity suggests dependence on sentiment more than actual transactions. Arweave’s resilient trajectory is driven by near-peak supply and high liquidity levels, but slowing activity raises concerns about maintaining momentum.