Source / LongHash
In 2019, which lasted a bear market for a whole year, a large number of projects slowly dropped out of sight for various reasons. By crawling the data of DeadCoins.com, we found some quite interesting phenomena. At least from the above websites, the number of blockchain projects that died in 2019 has been significantly less than in 2018.
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DeadCoins.com includes cryptocurrencies that have died since September 2017, with a total of 1840 items. In the past 2019, there were a total of 518 dead projects, which is 20% less than the 647 projects in 2018.
How did these projects go to death? DeadCoins.com divides these projects into four categories: Deceased, Hack, Scam, and Parody. Among them, the fraudulent running projects accounted for the majority. In 2019 and 2018, 58% and 55% of the projects were all cut leek running projects, while those that could not be terminated accounted for 35% and 38%, respectively. The next few projects are hacked or copied from other projects.
The way in which the project died is similar in 2018 and 2019. We have also conducted an in-depth analysis of the causes of the project's death.
In the whole of 2019, the number of projects that died in the first quarter was the largest. The number of projects that died in January, February, and March were 115, 48, and 120, accounting for more than half of the total annual deaths. In the second quarter, 83 projects died. . This difference may be the result of broader market forces, with the price of Bitcoin and other crypto assets rising steadily throughout the second quarter.
According to the statistics of new projects of the chain tower, there were 4,292 new blockchain projects in the whole year of 2017, 13,168 in 2018, and 2,160 in 2019 as of May. Most fraudulent running projects have a project life cycle of less than one year, while termination projects generally have a life cycle of 1-3 years. According to the ICObench , starting in March 2019, the number of ICO projects has been greatly reduced, while the number of IEO projects is much smaller than the number of ICOs .
Deloitte's 2019 Global Blockchain Research Report shows that there will be more regular military enterprise-level blockchain projects in 2019, and the overall project quality will be one grade higher than in 2018.
So how will it develop in the future? Of course, everything depends on the market. However, due to the large number of projects in 2018 and the majority of ICO projects, the number of dead projects in the next 1-2 years will not be much less than in 2018 and 2019. It is expected that after 2022, relative to the number of new projects, the number of dead projects will be Better than these two years.
LongHash , read the blockchain with data.