DecentraWeb is a legitimate but dormant Web3 domain project (micro-cap) that allows users to mint custom Top-Level Domains (TLDs) on Ethereum. Despite the technical validity of the concept, the project has failed to gain significant market share against competitors like ENS, with token value down >99% from ATH and negligible daily volume (~$0-$100). The submission quality is critically poor, containing demonstrably false claims (e.g., claiming 'everyone' is the audience and 'most people' have used it) which severely impacted the credibility score. The project currently exhibits 'zombie' status with under 3,000 holders and minimal recent development activity.
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