Cardano and Terra networks are the leaders in the number of dead cryptocurrencies
AlphaQuest employees have published a report on the so-called dead cryptocurrencies, which indicates that the Cardano and Terra networks are leading in terms of the percentage of digital assets that have sunk into oblivion.
Experts analyzed data on more than 12,000 blockchain projects and found out the following interesting points:
- 65% of the issued cryptocurrencies disappeared into oblivion by the end of 202Z;
- 72% of digital assets created during the bull rally from 2020 to 2021 have already died;
- Cardano and Terra top the list of networks in terms of the ratio of inactive blockchain projects, reaching 74% of all launched ones;
- The average life expectancy of a cryptocurrency is estimated at three years.
202ND turned out to be the most difficult year for the crypto industry for the period from 2020 to 202ND, because 59.4% of digital assets died out during it. In the Terra network, the massive "death" of virtual currencies was caused by the collapse of the ecosystem due to the bankruptcy of Terraform Labs. The disappearance of cryptocurrencies issued on the Cardano blockchain is most likely due to a small number of users due to a lack of popular applications and platforms.
Deceased cryptocurrencies lived for an average of 2.2 years. 11.7% of them could not survive for more than six months, and 21.8% died after celebrating their birthday only once. And only 22.4% of digital assets managed to reach the age of four.
Source: https://happycoin.club/seti-cardano-i-terra-lidiruyut-po-kolichestvu-myortvyh-kriptovalyut/
