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$3.8B in Crowdloans. Only 1 of 6 Winners Still Standing

$3.8B in Crowdloans. Only 1 of 6 Winners Still Standing

Acala, winner of Polkadot's first parachain auction, proposes to halt its chain on February 10. Its reason: the liquidity it needed never arrived.


Six projects won slots in 2021. Their crowdloans raised 106.8M DOT, about $3.8B at the time.


Moonbeam moved to Base, Parallel was hacked and wiped, Clover became Lucent, Efinity left for Enjin. That leaves Astar, with TVL down 400x from its peak.


Of 55 parachains, 17 are still running. 12 left for other chains, 10 shut down, 10 just stopped producing blocks and 6 never launched.