2026-01-13 13:28:05

The public chain ecosystem over the past six months has not been very optimistic. Looking at a set of operational financial data, several leading public chains are all burning money.

Worldcoin has an average monthly loss of $3,000, Swellchain about $99 per month, Taiko over $50 per month, Manta Network less than $23 per month, Zora less than $20 per month, Orderly Network with the smallest pressure at an average loss of $5 per month. Mode Network loses about $32 per month.

Looking at this trend, except for Worldcoin's significantly larger loss scale, other public chains are all losing money but the amounts are relatively limited. However, the fact that they haven't turned a profit for six consecutive months still reflects the difficulty of implementing new public chain business models. User growth, transaction activity, and ecosystem development all require time and capital investment. Some projects burn money quickly, some maintain a relatively steady pace, but the collective loss phenomenon is indeed worth paying attention to.

WLD6,86%

TAIKO2,31%

MANTA6,52%

ZORA0,51%

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MEVictim

· 5h ago

This group of chains is starting to show off their muscles and ledger again, seemingly on the edge of burning money and wildly testing the waters. That guy from WC is losing $3,000 a month? This attitude is really extraordinary. Others are only losing a few dollars a month, which they can still sustain, but losing money for half a year—it's time to think about when they can turn around. Everyone is waiting for the wind to turn, but whether the wind will blow or not is really uncertain.

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rug_connoisseur

· 5h ago

Uh, looking at this data, it's obviously trying hard to maintain the ecosystem. Worldcoin's $3000 is really impressive. Orderly only lost $5? Are you joking? Public chains that haven't made a profit in half a year should reflect on their business models. The feeling of burning money to stay alive is too obvious. To be honest, Taiko and Manta are relatively restrained in their pace, unlike some projects where the funds raised have disappeared. I'm just worried that these small chains might suddenly announce shutdowns one day. What will happen to users' assets? Losses themselves are not scary; the key is whether they can find a way to generate revenue.

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DAOdreamer

· 5h ago

This wave of public chain projects collectively burning money is really unsustainable, it feels like everyone is betting on taking off in the future. That $3,000 for Worldcoin is really outrageous, others are okay... but the problem is, it's been half a year and there's still no return, that's the truly heartbreaking part.

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StablecoinSkeptic

· 6h ago

Unbelievable, Worldcoin lost $3,000 in a month, everything else is just playing in single digits, this gap is huge --- Half a year without stopping the bleeding, this business model is indeed worrying, it feels like everyone is betting on ecosystem explosion --- Losing $5 a month in an orderly manner and still claiming to have little pressure, this data itself is already despairing --- Burning money is just burning money, the key is to see the momentum, now everyone is losing money collectively and no one dares to boast --- This is how the crypto world is, initially all about fundraising and burning, waiting for users to grow, but the problem is users are not coming --- Apart from Wormhole, these chains really have no killer app, no wonder they are all bleeding --- Why does it seem like Taiko is still resilient, others should have shut down long ago --- What does that number from Manta Network mean? There’s basically no traffic

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MintMaster

· 6h ago

This data is a bit heartbreaking—public chains only lose a few tens of dollars per month and are still holding on stubbornly. Reliable projects do burn through funds slowly, but it's really true that none of them have turned around in half a year. That 3000 from Worldcoin still needs to be looked at on its own; compared to others, it's really just a drop in the bucket. So when will we actually see the ecosystem start to take off? If this continues, I guess some projects will have to be淘汰ed.

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down_only_larry

· 6h ago

This data clearly shows the last frenzy before the bottom, waiting for a rebound. --- Is the $3000 monthly loss for Worldcoin really serious? Other chains are basically peanuts. --- In simple terms, it's about burning money to buy users and trading volume. The routines are all the same, not much difference. --- Orderly losing $5 a month is truly impressive. Is this sustained effort or do they really have a business? --- I favor those that can control losses. Those that burn money quickly will die sooner or later. --- Not going full-time for half a year is the real problem, not how much is lost. --- Instead of looking at financial reports, it's better to watch TVL trends. These data can be faked. --- More new blockchain graveyards are about to appear. History will repeat itself.

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