Crypto Protocols with Token Issuance Show Lower Survival Rates

Data from unfolded reveals that among crypto protocols with monthly revenues exceeding $10 million and token issuance, approximately 12.5% have ceased operations, showing no current activity. According to PANews, this is notably higher than the 8.3% cessation rate among similar protocols without token issuance, marking a 50% difference. A similar disparity is observed in protocols with monthly revenues over $1 million, where 15% of token-issuing protocols have stopped operating compared to 11% of non-token protocols. The data indicates that high-revenue protocols with token issuance have lower survival rates, contradicting the common belief that tokens can ensure long-term project development through incentive mechanisms. Analysts suggest that non-token models may focus more on product development rather than speculation, with tokens potentially acting as 'hype amplifiers,' accelerating boom and bust cycles rather than promoting sustainability.