Multiple altcoin networks have accumulated approximately $2.6 billion in funding, but on-chain activity is extremely low, with depressed transaction fees, raising concerns about their sustainability. Analyst Nick Valdez highlighted that Celestia (TIA) has only approximately 1,200 daily active users and continues to face technical headwinds; Sei (SEI) has approximately 7,000 daily active users, but daily fees are only around $232. Monad faces massive token unlock risks due to its 100 billion token supply; Sonic (formerly Fantom) suffers from depressed fees and selling pressure. Algorand (ALGO) despite low fees, maintains approximately 26,000 active addresses and displays a potentially bullish technical formation, suggesting possible recovery.
Multiple altcoin networks have accumulated approximately $2.6 billion in funding, but on-chain activity is extremely low, with depressed transaction fees, raising concerns about their sustainability. Analyst Nick Valdez highlighted that Celestia (TIA) has only approximately 1,200 daily active users and continues to face technical headwinds; Sei (SEI) has approximately 7,000 daily active users, but daily fees are only around $232. Monad faces massive token unlock risks due to its 100 billion token supply; Sonic (formerly Fantom) suffers from depressed fees and selling pressure. Algorand (ALGO) despite low fees, maintains approximately 26,000 active addresses and displays a potentially bullish technical formation, suggesting possible recovery.