@ustadsplinter34

Projects that raised huge amounts of capital launched with extremely high FDVs, and most of them have lost a significant amount of value since then. If we go through them one by one: $APT — I still think it has a serious chance because its institutional side is getting stronger, but it couldn’t create an active ecosystem like $SUI did. $BERA — One of the projects I don’t give much chance. Farmers pushed TVL to 3B at one point, but TVL has collapsed since then. $ALEO — Raised $300M, yet it’s one of the projects that failed to prove itself in the market. $TIA — Got extremely overpriced very early during the hype cycle, and kept losing value afterward due to vesting unlocks. Even though it’s the strongest coin in the modular narrative, if modular doesn’t get another hype phase, it’s hard for it to decouple from the market alone. $MOVE — Honestly I have no expectations left. It was a Move-based chain like Aptos and Sui, but it was managed poorly and basically turned into a ghost chain. $STRK — Launched at a very high valuation; the zk narrative pushed it somewhat. It has managed to find some footing recently, and among these it’s still one of the ones I see as having the best chance. $ES — I barely hear anyone even mention it. $SCR and $FUEL — It’s extremely difficult for them to carve out a place in the L2 competitive landscape. Even strong L2s like Base, OP, and ARB struggle, so unknown L2s like these inevitably risk becoming ghost chains.

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