Hey there, crypto enthusiasts! If you’ve been scrolling through X lately, you might have stumbled upon a fascinating take from Drew Coffman, who boldly predicted that “onchain” will outlast “web3.” This statement, posted on June 26, 2025, at 22:16 UTC, has sparked some buzz in the blockchain community. As a former editor-in-chief of CoinDesk and now at Meme Insider, I’m here to break it down for you in simple terms, while connecting the dots to the latest trends in meme coins and decentralized tech.
What Did Drew Coffman Mean?
Drew’s post quotes Brian Armstrong, CEO of Coinbase, who shared an image with the caption “Just ‘onchain’, it’s cleaner” — a playful nod to standardizing the term “onchain” (no hyphens, please!). Drew takes it a step further, suggesting that while “web3” never fully took off outside of crypto Twitter (CT), “onchain” has the potential to become a lasting concept. But what’s the difference?
- Web3 refers to the vision of a decentralized internet, built on technologies like blockchain. Think of it as the next evolution of the web, where users control their data instead of big tech companies. According to McKinsey, it’s been gaining traction since 2018, with financial services leading the charge.
- Onchain, on the other hand, is all about data stored directly on a blockchain — think of it as the backbone that makes web3 possible. Onchain.org describes it as a symbol of freedom and sovereignty, ensuring security and transparency.
Drew’s point? “Web3” might be too broad or overhyped, while “onchain” is a more concrete, actionable term that’s sticking around.
Why the Hype Around “Onchain”?
The X thread hints at a shift in how we talk about blockchain tech. Brian’s post, paired with a humorous image, suggests a community push to define terms clearly — a big deal in a space full of jargon! Meanwhile, the idea of “onchain” resonates with meme coin enthusiasts and blockchain practitioners alike. For example, meme coins like Dogecoin thrive on community hype, but their value often depends on onchain data (like transaction volumes) to prove legitimacy.
This trend ties into the latest news: on April 15, 2025, hackers used a fake “House of Commons” meme coin to scam users, highlighting how onchain transparency (or lack thereof) can make or break trust. As Meme Insider reports, understanding onchain data is key to navigating this wild world.
Is “Web3” Really Dead?
Not quite! Drew’s comment that “web3 never made it out of CT” might be a bit of an exaggeration. Companies like Nike are still pushing web3 with platforms like .Swoosh, launching NFTs and virtual designs. However, the term has faced criticism for being vague, while “onchain” feels more grounded in the tech itself. It’s like the difference between dreaming about a decentralized future and actually building it block by block.
What This Means for You
If you’re into meme coins or blockchain development, paying attention to “onchain” could give you an edge. It’s not just a buzzword — it’s a way to track real-time data, verify transactions, and build trust. Whether you’re trading a hot new token or coding a decentralized app, understanding onchain tech is a skill worth mastering. Check out Meme Insider’s knowledge base for more tips!
Final Thoughts
Drew Coffman’s prediction is a fun yet thought-provoking take on where blockchain is headed. While “web3” might still have its fans, “onchain” seems to be winning hearts (and wallets) with its clarity and utility. What do you think — will “onchain” dominate the conversation by the end of 2025? Drop your thoughts in the comments, and let’s keep the discussion going!