According to Wu, a report by venture capital fund Lattice showed that about one-fifth of Ethereum projects closed in the past two years, which is lower than the 26% failure rate of Solana projects.

Projects based on BNB Chain are the least active, with one-third of the teams ceasing operations.

The report also noted that since 2022, nearly 80% of Ethereum seed-stage startups have successfully launched products, while only 60% of Solana projects have achieved this goal.