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Crypto raised billions to build chains nobody uses.
This chart shows 14 chains.
They raised $2.6B combined.
Weekly fees across them?
Only ~$65K.
That’s roughly $3.4M per year across entire ecosystems.
And these were once some of the most hyped chains in crypto:
Monad
Linea
zkSync
Celestia
Scroll
Sei
Mantra
Plasma
Berachain
IoTeX
Algorand
Sonic
0G
Blast
But the list actually doesn’t stop here.
You could easily add more:
Starknet
Aptos
Cosmos
NEAR
Cardano
Polkadot
Tezos
Metis
Mantle
Movement
Kinto
Story
Arbitrum
Billions raised.
Yet very little real usage.
Crypto doesn’t have a liquidity problem.
It has a capital allocation problem.
Now imagine that money flowing into new products, real communities, and actual user demand instead of endlessly launching new chains.
The money is still in crypto.
It’s just circulating in the wrong places.