flash on Nostr: ⚡️📊 NEW - A report claims that 96% of crypto projects are built on a mirage. A ...
⚡️📊 NEW - A report claims that 96% of crypto projects are built on a mirage.
A report published by QUASA offers an extremely critical assessment of the crypto industry.
According to its authors, 96% of projects valued at over $1 billion have virtually no organic traffic, no real users, and little or no revenue.
The report also claims that 95% of blockchains are actually highly centralized, that 98% of trading volumes are artificially inflated by wash trading, and that many valuations are based more on speculation than on actual adoption.
The authors believe that listing fees charged by major centralized platforms and certain market practices have contributed to the failure of thousands of legitimate projects.
However, these conclusions are QUASA’s own and are disputed by some in the industry, who point out that networks such as Bitcoin, Ethereum, and Solana have millions of users, billions of dollars in locked value, and significant on-chain activity.
Published at
2026-06-28 15:25:59 UTCEvent JSON
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"content": "⚡️📊 NEW - A report claims that 96% of crypto projects are built on a mirage.\n\nA report published by QUASA offers an extremely critical assessment of the crypto industry.\nAccording to its authors, 96% of projects valued at over $1 billion have virtually no organic traffic, no real users, and little or no revenue.\n\nThe report also claims that 95% of blockchains are actually highly centralized, that 98% of trading volumes are artificially inflated by wash trading, and that many valuations are based more on speculation than on actual adoption.\n\nThe authors believe that listing fees charged by major centralized platforms and certain market practices have contributed to the failure of thousands of legitimate projects.\n\nHowever, these conclusions are QUASA’s own and are disputed by some in the industry, who point out that networks such as Bitcoin, Ethereum, and Solana have millions of users, billions of dollars in locked value, and significant on-chain activity. \nhttps://cdn.azzamo.media/e72fb9cc3236410f37e9f52ca00e2d647f0b03447e121b4fcd77cb7e2e8f1d6d.jpg",
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