CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

coinpedia 2025-06-28 11:07:26

13 Reasons Why Polkadot Is Dead

The post 13 Reasons Why Polkadot Is Dead appeared first on Coinpedia Fintech News It raised millions, promised a Web3 revolution, and launched one of the most advanced blockchain systems ever built. But where is Polkadot now? Crypto trader and analyst Nonzee (@0xNonceSense) just dropped a thread on X that’s making waves. It’s a 13-point postmortem on why Polkadot is fading fast. “Polkadot is dead. Raised $500M. Promised a revolution. Now? No users. No devs. No future.” Harsh? Yes. But the thread dives deep into how one of the biggest names in crypto lost momentum and why even brilliant tech doesn’t always survive. Join us as we break it down. It Started With Massive Hype Back in 2017, Polkadot raised $144M in its ICO in minutes. Another $43M came through later rounds. By 2021, it looked unstoppable. DOT hit $55. Its market cap pushed $50 billion. Everyone was calling it the next big thing, in fact it was called the Ethereum killer. And with parachains, shared security, and advanced design, it looked like the future of Web3. But Users Never Came Despite the tech, Polkadot struggled to get real users. “No killer app, no sticky users,” Nonzee wrote. Parachains launched, but none took off. The network stayed empty. By 2025, total daily users across all chains had dropped below 5,000. Developers Left Too Building on Polkadot wasn’t easy. It used Rust and Substrate – powerful tools, but hard to learn. Compared to Ethereum’s dev-friendly ecosystem, it felt like work. Devs slowly moved on. In 2022, Polkadot had around 2,400 active devs. By 2024, that number had nearly halved. Parachain Auctions Backfired Locking DOT for two years to win a parachain slot? It sounded innovative but it drained momentum and locked up capital. Projects slowed down. Users pulled back. It was too complex to keep up energy and growth. Governance Got Messy Polkadot had a bold vision for on-chain governance. But according to Nonzee, it ended up controlled by whales. In 2024 alone, over $129M from the treasury was spent with little to show. Voter turnout dropped. So did trust. Tech Upgrades Came But No One Noticed Polkadot 2.0 launched with big improvements: faster consensus, agile scheduling, better scalability. But it was too late. “It was fast. Scalable. Efficient. But the world had already moved on.” What’s Left Today? The architecture still works. Shared security. Interchain messaging. It’s all still there but barely anyone’s using it. DOT trades under $5. Most of the hype is gone. As Nonzee puts it: “Polkadot proves tech doesn’t equal traction.” A tough truth in crypto: building great systems isn’t enough. Without users, narrative, and momentum – even the best chains may not survive.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta