$12 Billion in Combined Market Value: Can 10 Cryptocurrencies Recover from 97% Collapse?

Ten once-prominent cryptocurrencies are still trading at $12 billion in combined market value, despite experiencing an average collapse of 97.13% from their all-time highs.

The group includes Algorand, Avalanche, Internet Computer, Filecoin, Polkadot, Cosmos Hub, Near, Ethereum Classic, Flare, and Worldcoin, with the largest being Avalanche at $2.91 billion.

The same token issuance that worked best when prices were high is now producing significantly less funding, diluting holders further and adding recurring token supply with little demand behind it.

CryptoSlate analyzed the subsidy coverage ratio of these networks, which measures how much of a network's incentive burden is covered by direct user demand, treasury spending, or other subsidies.