🧐 Which projects from last season have died or are close to dying?
Belizardd lists the following projects:
• $EOS raised 4.2 billion USD, currently the TVL is only 400 USD => A complete failure, no longer has real value in the market.
• Pi Network: The amount raised is unclear but the FDV on CoinGecko is 3 billion USD, while the FDV on CoinMarketCap is 25 billion USD, tokenomics are unclear.
• Hedera raised 286 million USD, the advantage is the successful HBAR airdrop, but the problem is that the project is aimed at businesses but hardly any actual businesses are using it.
• Cardano: The FDV is as high as 18.5 billion USD, and last week the fees from transactions were almost zero.
• Dfinity raised 167 million USD, the TVL is only 16 million USD, yet I don't understand how the FDV is as high as 2.2 billion USD.
Do you think if the uptrend returns, these projects can come back to life (in terms of actual activity) 😅
Upside

