Odaily News On-chain analyst @0xThoor wrote on X: “Based on the DefiLlama TVL data indicator, many chains in the past few years/cycles are now completely dead:
• Harmony: $1.4 billion -> $1.7 million (-99.9%)
• Aurora: $1.3 billion -> $14 million (-98.9%)
• Moonriver: $380 million -> $2.4 million (-99.3%)
• Canto: $205 million -> $8 million (-96.1%)
• Evmos: $12M -> $300K (-97.5%)
Polygon TVL also fell 92% from $9.9 billion in 2021 to $770 million, while Polygon zkEVM (which was hyped some time ago) had a TVL of only $6 million.
More projects are expected to follow in the coming years.”