In a recent statement, RootData, a leading provider of visual and structured altcoin projects data, revealed the discouraging reality of the crypto space in 2023. The company sent shockwaves by sharing a comprehensive list of approximately 115 crypto projects that have faced industry demise. Here are the details…
RootData’s post titled “2023 List of Crypto Dead Projects” serves as a bleak testament to the growing number of crypto projects facing failure. The list includes more than 150 projects that announced closure, declared bankruptcy, or whose websites remained inactive for a long time. It is noteworthy that the cumulative funding amount of these failed initiatives has jumped to an alarming $940 million. Fallen giants on the list include Prime Trust, Yield Protocol, Wyre, Multichain and Clockwork. Each project has its own collapse story that contributes to the overall financial loss in the crypto ecosystem. Some examples are as follows:
Besides the above, the list includes projects such as BonqDAO, OIN Finance, Windvane, Yeti Finance and many more. These projects reflect the various failures taking place in the cryptocurrency world in 2023. As the crypto industry navigates these turbulent times, RootData’s comprehensive list includes the following projects:
BonqDAO, OIN Finance, Windvane, Yeti Finance, AQUA, Biomes, Dot Finance, PolkaWorld, Many Exchange, Cabital, Minerva, MetaPoint, SappChat, Bastion, Pax.world, Themis, The Parallel, Ankex, Tomb Chain, Txbit, Sismo, Magneto, Bytom, kotal, BKEX, Bittrex, DeZy, Gomu, CNHC Group, HIPO, GRO Protocol, Linen, xToken, Stelo, AnimalGo, Return, Synthetify, Versum, Async Art, SkyLaunch, Housecat, LBRY, Superdao, Xeenon, Ascenders , Grim Finance, Boring Protocol, Nitro Network, Yield Protocol, Slashauth, Fuji Finance, Cardinal, Multichain, Clockwork, Outlet Finance, Voice, Glass Protocol, Naetion, Arable Protocol, RioDeFi, Meland.ai, Arenum, Agility, 1Sol, BlueBenx , BNPL Pay, Kaco Finance, TaleCraft, Starbots, Hotbit, RECUR, Warp Finance, Prime Trust, GEN.ART, Hundred Finance, Saddle Finance, AutoFarm, Nifty’s, DeHorizon, CoinLoan, HashLand, Kannagi Finance, SolChicks, Zircon Finance, ARX , Phezzan Protocol, Enchanter Finance, EZ Finance, Geist Finance, Algofi, Tonic, Pillow, Wyre, paprMEME, Swap.net, Nomics, UPFI Network, Earnity, Pizza, Hopex, LocalBitcoins, Lazerpay, Metroverse, Genki, Numio, Formfunction, Vovo Finance, TradeBlock, Rally, Friktion, Everlend, Galois Capital, Coin Cloud, EtherOrcs, Paxful, Silvergate Capital