The post 13 Reasons Why Polkadot Is Dead appeared on BitcoinEthereumNews.com.

The post 13 Reasons Why Polkadot Is Dead appeared first on Coinpedia Fintech News It raised millions, promised a Web3 revolution, and launched one of the most advanced blockchain systems ever built. But where is Polkadot now? Crypto trader and analyst Nonzee (@0xNonceSense) just dropped a thread on X that’s making waves. It’s a 13-point postmortem on why Polkadot is fading fast. “Polkadot is dead. Raised $500M. Promised a revolution. Now? No users. No devs. No future.” Harsh? Yes. But the thread dives deep into how one of the biggest names in crypto lost momentum and why even brilliant tech doesn’t always survive. Join us as we break it down.  It Started With Massive Hype Back in 2017, Polkadot raised $144M in its ICO in minutes. Another $43M came through later rounds. By 2021, it looked unstoppable. DOT hit $55. Its market cap pushed $50 billion. Everyone was calling it the next big thing, in fact it was called the Ethereum killer. And with parachains, shared security, and advanced design, it looked like the future of Web3. But Users Never Came Despite the tech, Polkadot struggled to get real users. “No killer app, no sticky users,” Nonzee wrote. Parachains launched, but none took off. The network stayed empty. By 2025, total daily users across all chains had dropped below 5,000. Developers Left Too Building on Polkadot wasn’t easy. It used Rust and Substrate – powerful tools, but hard to learn. Compared to Ethereum’s dev-friendly ecosystem, it felt like work. Devs slowly moved on. In 2022, Polkadot had around 2,400 active devs. By 2024, that number had nearly halved. Parachain Auctions Backfired Locking DOT for two years to win a parachain slot? It sounded innovative but it drained momentum and locked up capital. Projects slowed down. Users pulled back. It was…

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Filed under: News - @ June 28, 2025 12:28 pm