Blockchain Projects Face Massive Decline: Over $1.2B Raised, Now Down 96-100% from Peak

GateNews

2026-03-05 20:08:58

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Gate News bot message, ten blockchain projects that collectively raised over $1.2 billion and achieved a combined all-time high market cap of $25 billion have now declined 96-100% from their peaks. Kadena has shut down entirely. Moonbeam operates with approximately 200 daily wallets. Scroll generates $498 per day despite raising $80 million in funding.

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