A recent study from AlphaQuest Research has spotlighted Cardano for its high number of "dead coins," indicating a significant amount of unsuccessful cryptocurrency projects associated with its blockchain in recent years.

The report by the cryptocurrency research platform AlphaQuest has categorized the top ecosystems abundant in failed digital currency ventures, with Cardano standing out as a primary holder of these underperforming assets.

This revelation brings to light the challenges and volatility within the cryptocurrency space, particularly concerning project sustainability on the Cardano blockchain.