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#The.total.value locked on the #TRON network explodes by 91.6%.
_#CoinGecko. data shows that TRON (TRX) is now the second largest network in terms of total value locked (TVL). at the same time . #Pullix (PLX) is gaining traction as the first community-supported trading platform to provide 24/7 access to markets, including cryptocurrencies. TRON's TVL rose 91.6% in 2023 TRON is now the second largest network in terms of TVL, according to CoinGecko's October 2023 report. The report notes that TRON's TVL grew from 12.3% ($4.1 billion) in January 2023 to 21.6% ($7.9 billion) in October 2023, an increase of 91.6%. Analysis of price data shows that TRX is still in an upward trend, rising from $0.100575 to $0.109823.
$TRX
#FollowUsNow To see more breaking news 💵✅⬇️🚀
_#CoinGecko. data shows that TRON (TRX) is now the second largest network in terms of total value locked (TVL). at the same time . #Pullix (PLX) is gaining traction as the first community-supported trading platform to provide 24/7 access to markets, including cryptocurrencies. TRON's TVL rose 91.6% in 2023 TRON is now the second largest network in terms of TVL, according to CoinGecko's October 2023 report. The report notes that TRON's TVL grew from 12.3% ($4.1 billion) in January 2023 to 21.6% ($7.9 billion) in October 2023, an increase of 91.6%. Analysis of price data shows that TRX is still in an upward trend, rising from $0.100575 to $0.109823.
$TRX
#FollowUsNow To see more breaking news 💵✅⬇️🚀
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Over 50% of cryptocurrencies tracked by CoinGecko have failed
Of the 24,000 cryptocurrency projects that have been presented on the CoinGecko aggregator since 2014, 14,039 have ceased to exist.
Most of the currently “dead” projects were launched during the bullrun period in 2020–2021 — 7,530 cryptocurrencies or 53.6% of the total.
CoinGecko experts associate such indicators with the popularity of initial coin offerings and meme tokens.
The worst year for startups was 2021 - 5,724 or more than 70% of projects closed. This is followed by 2022 with 3520 failures (~60%).
Of those launched in 2023, 289 projects (less than 10%) had failed as of January 2024.
When compiling the report, CoinGecko experts, in addition to outright scam, also took into account closed illiquid projects and cryptocurrencies that have not shown trading activity for the last 30 days.
Let us recall that in November 2023, CoinGecko analysts reported the closure of 75% of GameFi projects since the inception of the segment.
According to the Big Blockchain Games List, almost a third of blockchain games have gone out of business in the past year.
#CoinGecko #CoinGecko.
Of the 24,000 cryptocurrency projects that have been presented on the CoinGecko aggregator since 2014, 14,039 have ceased to exist.
Most of the currently “dead” projects were launched during the bullrun period in 2020–2021 — 7,530 cryptocurrencies or 53.6% of the total.
CoinGecko experts associate such indicators with the popularity of initial coin offerings and meme tokens.
The worst year for startups was 2021 - 5,724 or more than 70% of projects closed. This is followed by 2022 with 3520 failures (~60%).
Of those launched in 2023, 289 projects (less than 10%) had failed as of January 2024.
When compiling the report, CoinGecko experts, in addition to outright scam, also took into account closed illiquid projects and cryptocurrencies that have not shown trading activity for the last 30 days.
Let us recall that in November 2023, CoinGecko analysts reported the closure of 75% of GameFi projects since the inception of the segment.
According to the Big Blockchain Games List, almost a third of blockchain games have gone out of business in the past year.
#CoinGecko #CoinGecko.
