Bitcoin Surge Creates 50 Billion-Dollar 'Zombie Chains'

More than 50 blockchains have a market cap. of over $1 billion, but with few users, applications and network fees, what are they actually being used for? Read one of my last crypto stories alongside @Steven_Ehrlich and @ninabambysheva for @Forbes https://t.co/eNtTtaotS1

Laura Shin@laurashin

2 years ago

Excellent story by @Steven_Ehrlich and @ForbesCrypto on zombie chains 👏🏻 “There are no fewer than 50 blockchains today trading at values of more than $1 billion, of which at least 20 are functional zombies.” 👇🏻 Guess which ones they mention 👀 https://t.co/tsMlfYInpf

There are over 50 blockchains worth at least $1 billion apiece, but they have little reason for existing. “There’s no wind-down process for a dead crypto protocol.” Meet Crypto’s Billion Dollar Zombies via @Steven_Ehrlich @marigra21sl @ninabambysheva https://t.co/VzgPkuvQzj