A recent report from Artemis Terminal revealed a significant 38.6% decrease in weekly active developers on open-source repositories, dropping from 12,380 on March 17, 2024, to 7,600 on March 16, 2025. This decline indicates a shift in the industry towards "narrative-led" developments, overshadowing genuine developer-driven innovation. The decrease in developer activity has sparked concerns within the Web3 community, as active developers are seen as a crucial indicator of ecosystem health. Lower developer engagement may lead to reduced innovation, maintenance, and protocol updates, raising doubts about the future sustainability of Web3. Calls are being made within the community for a return to developer-led narratives and a focus on foundational development to address the decline in meaningful on-chain work.