These Crypto Projects Had Billion-Dollar Valuations, Now They Trade 90% Lower

Ten crypto initiatives that had billion-dollar personal valuations now commerce at market caps starting from $7 million to $294 million, in accordance with CryptoRank information.

The hole between last-round enterprise capital valuations and present market caps ranges from 88% to over 99%. Four of the ten hardest-hit initiatives belong to the zero-knowledge proof and Layer 2 sector.

Scroll, and Boba Network Lead the List

Scroll (SCR) tops the rating with a 99.54% decline. The Ethereum Layer 2 raised $80 million throughout two rounds led by Polychain Capital, Variant Bain Capital Crypto, and extra. Its last-round valuation stood at $1.8 billion.

It now trades at roughly $8.25 million in market cap.

Boba Network follows at -99.26%, whereas Fuel Network registered a 99.25% drop from a $1 billion valuation.

“These initiatives have fallen from billion-dollar valuations to just about zero — a hanging instance of near-total worth destruction. Even backing from Tier-1 VCs like Paradigm, Sequoia, Cbventures, and Multicoin wasn’t sufficient to guard post-TGE efficiency,” the submit learn.

Starknet (STRK) recorded the most important absolute loss on the record. It raised $282.5 million from Paradigm, Sequoia Capital, and Greenoaks Capital at a valuation of $8 billion. Its present market cap sits close to $199 million, a 95% decline.

Rounding out the highest 10 are Polyhedra (-99.05%), Wormhole (-96.99%), Magic Eden (-96.70%), HashKey Group (-96.46%), Mocaverse (-90.23%), and Immutable (-88.23%).

Follow us on X to get the newest information because it occurs

Crypto VC Funding Rebounds Despite Market Weakness

Despite these losses, enterprise capital activity has picked up again. CryptoRank information exhibits that March 2026 recorded round 100 funding rounds totaling $2.59 billion in raises, the very best stage since October 2025.

Coinbase Ventures and Animoca Brands led essentially the most rounds through the month. Moreover, blockchain providers accounted for 39 rounds, adopted by decentralized finance (DeFi) with 20 rounds, and centralized finance (CeFi) with 15 rounds.

Subscribe to our YouTube channel to observe leaders and journalists present knowledgeable insights

The submit These Crypto Projects Had Billion-Dollar Valuations, Now They Trade 90% Lower appeared first on BeInCrypto.