Блокчейн-проекты-зомби: Крипто-активы, переживающие спекулятивный бум – Пульс новости ‘8’

Фантомная угроза: Криптоактивы без реального применения

Amidst a surge of speculative investment, Forbes released a report highlighting a collection of crypto assets dubbed as “billion-dollar zombies.” These tokens, often referred to as Layer 1 (L1) assets, serve as a stark reminder of the inherent volatility within the cryptocurrency market. Despite receiving lofty valuations from industry leaders, their use extends primarily to the treacherous realm of speculative trading.

Список “живых мертвецов”: От Ripple до Cardano

The assembly of crypto assets that found themselves in Forbes’ spotlight includes notable names such as Ripple (XRP), Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), Cardano (ADA), and others. Among these, Ripple Labs and its XRP token emerged as a prominent figure in the gathering of ‘crypto zombies.’ While XRP boasts a significant daily trading volume approaching $2 billion, Forbes expresses reservations about its overall purpose, arguing that its primary function remains speculation, lacking any substantial real-world utility.

Ripple Labs and XRP aren’t the only entities confined within this ‘zombie’ category. Forbes’ research revealed that approximately 50 blockchains, excluding Bitcoin (BTC) and Ethereum (ETH), are currently trading at values exceeding $1 billion. A substantial number of these, around 20, have been labeled as “functional zombies.” These questionable projects amass a staggering market value of $116 billion, despite their limited user bases.

Функциональные “зомби”: Призраки в цепи

Forbes guides readers into the unsettling realm of “functional zombies,” including Ethereum Classic. Despite its status as the original Ethereum chain and a market value of $4.6 billion, its fee earnings in 2023 amounted to a meager $41,000. This discrepancy raised concerns about the blockchain’s operational viability.

Tezos, another ‘crypto zombie,’ raised $230 million through an Initial Coin Offering (ICO) in 2017. However, despite its XTZ token boasting a market capitalization of $1.2 billion, earnings from transaction fees were alarmingly low, reaching only $5,640 in February 2024 and a mere $177,653 for the entire year of 2023.

Similarly, Algorand, once hailed as an “Ethereum killer” for its capacity to process 7,500 transactions per second, has also faced its share of hurdles. With a market cap of $2 billion and a treasury holding worth $500 million, it amassed only $63,000 in blockchain transaction fees in 2023. These figures raised questions about Algorand’s real-world adoption and utility.

Расколы и конкуренты: Вариации “зомби”

Forbes doesn’t just highlight individual ‘crypto zombies’; it categorizes these assets into two classifications: spin-offs and direct competitors. The former category houses Bitcoin Cash (BCH), Litecoin (LTC), Monero (XMR), Bitcoin SV (BSV), and Ethereum Classic. These spin-off zombies, with a collective value of $23 billion, emerged from governance disagreements among project developers. As Forbes notes, such conflicts lead to hard forks, resulting in new networks sharing the same historical transaction data as their predecessors. Often, these forks attain market values that exceed their real-world usage, thus earning the ominous ‘zombie’ label.

Завершение: Рассогласование между оценкой и реальностью

Forbes’ report highlights a widening gap between the valuations of numerous crypto projects and their real-world implications. This disjunction has led to the emergence of these speculative, underutilized projects, aptly termed “zombies.” As the total crypto market cap hovers around $2.2 trillion, the discussion surrounding these ‘zombie’ blockchains will undoubtedly fuel ongoing debates regarding crypto utility and market volatility.