A recent report revealed that 117 different projects were destined for the cryptocurrency cemetery in 2023.
By on-chain analysis platform RootData on January 3 “2023 Dead Crypto Projects” list has been published. On the list in 2023 117 projects It was stated that it was completely garbage.
Prime Trust, gomu, GRO Protocol, Stelo, Yield Protocol, multichain, clockwork, Wyre and other projects supported by leading enterprises, which have turned into garbage, in the good times, the total Cumulative volume of $940 million was located.
Decentralized finance (DeFi) protocol among vanishing projects Gro Protocol (GRO), xToken (XTK), Grim Finance (REAPER), Fuji Finance (FUJI) There were names like.
The meme project is one of the most notable names on the list. SafeMoon (SAFEMOON), Yetie Finance (YETI) took place. With this NFTcryptocurrency wallet and DAO Many projects that offered solutions were also included in the list of dead.
Among the dead projects last year, mostly Projects linked to Terra (LUNA) and FTX collapse had taken place.