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08/18 08:54

Polkadot’s ecosystem decay and DOT’s collapse – Is

Polkadot’s ecosystem decay and DOT’s collapse – Is this the end of the road?

Positioned once as Ethereum’s “layer-zero” rival, Polkadot now looks more like a cautionary tale.

While the cryptocurrency market has experienced significant growth amid increasing adoption and acceptability, Polkadot [DOT] has followed a distinct path. 
Consequently, the chain’s network usage and price performance have all collapsed in unison. 
The most glaring indicator has been its price. DOT has plunged 93.9% from its all-time high of $55, set nearly four years ago. That deep drawdown has revived debates about the chain’s long-term viability.

And some aren’t pulling punches. According to analyst Nonzee, Polkadot is “dead”—citing its failing usage metrics and ecosystem decay.
With $500 million in funding, its core team pitched a bold vision to outpace Ethereum as the go-to chain for developers.
Source: Token Terminal..

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