The market intelligence firm, Santiment, shared in a tweet t

The market intelligence firm, Santiment, shared in a tweet this morning that during the ongoing Memorial Day Weekend in the United States, the cryptocurrency market experienced a notable revival.

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A lack of demand for tokens was identified as the primary reason for failure, with many projects failing due to a lack of clear use cases or utility.

Between 2013 and 2022, 2,383 crypto coins failed.

Dogecoin’s network activity surge driven by DRC-20 tokens #dogecoin

Bitcoin completed 3.3 million transactions during the same period. #BTC

The data shows that the trend has been consistent for the last seven days. Between May 22 and 28, Dogecoin completed over 9 million transactions, while the Ethereum network recorded around 6 million transactions. #ETH

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}The market intelligence firm, Santiment, shared in a tweet this morning that during the ongoing Memorial Day Weekend in the United States, the cryptocurrency market experienced a notable revival.

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The market intelligence firm, Santiment, shared in a tweet this morning that during the ongoing Memorial Day Weekend in the United States, the cryptocurrency market experienced a notable revival.