A recent report by AlphaQuest Research has listed Cardano as one of the top ecosystems with “dead coins,” highlighting the blockchain’s record number of failed cryptocurrency projects over the past few years.
Cardano As Top Dead Coin Holder
Cryptocurrency research platform AlphaQuest, published a report spotlighting the leading categories of ecosystems featuring dead coins in 2024. According to the report, Cardano currently holds a prominent position as an ecosystem with one of the highest numbers of dead coins.
AlphaQuest revealed that 74% of Cardano’s ecosystem projects have “become defunct.” In a similar vein, blockchain protocol, Terra Luna shares the spotlight with a matching 74% of failed crypto projects.
The crypto company has outlined its criteria for determining what it defines as a dead state, specifying that ecosystems with more than 50% failed projects are classified as “dead.” AlphaQuest revealed that since 2023, there has been a signific
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