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Davide
@0xdavide
📉 As always happens every cycle (every 4 years), most of the chains (and tokens) will disappear. TVL of some chains will go close to 0. Since 2021 chains (L1) have disappeared, next years in addition to L1, also many L2 will go practically to 0 as TVL. • Terra $24B -> $980k (-99.99%) • Defichain $1.2B -> $3.5M (-99.71%) • Harmony: $1.4B -> $1.7M (-99.9%) • Aurora: $1.3B -> $14M (-98.9%) • Moonriver: $380M -> $2.4M (-99.3%) • Juno: $30M -> $335k (-98.88%) • Evmos: $12M -> $300k (-97.5%) • Canto: $205M -> $8M (-96.1%) • MultiversX (Egld Network/Elond): $2.12B -> $91M (-96%) Polygon TVL also down 92% from $9.9B back in 2021 to $780M and the Polygon zkEVM (which was very hyped a while ago) at only $6.74M (the Polygon Foundation's scalability experiment completely failed). Don't fall in love with altcoins and chains...liquidity is mercenary, there is too much fragmentation of liquidity, speculation and many times a project is born to last a maximum of 2 years.
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