The Code Compiles, But The Reality Bankrupts: A Due Diligence Autopsy of 'Project Phoenix' L2
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Extreme Fear
Market Sentiment
Team and early investor shares released
Raises validator limit and account abstraction
Circulating supply increases by about 2%
Block reward reduced to 3.125 BTC
Block reward halving event
92 million ARB released
Independent validator client goes live on mainnet
Improves data availability sampling efficiency
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$64,137 |
| 1 |
Ethereum
ETH
|
$1,842.38 |
| 1 |
Solana
SOL
|
$74.88 |
| 1 |
BNB Chain
BNB
|
$569.8 |
| 1 |
XRP Ledger
XRP
|
$1.09 |
| 1 |
Dogecoin
DOGE
|
$0.0722 |
| 1 |
Cardano
ADA
|
$0.1659 |
| 1 |
Avalanche
AVAX
|
$6.55 |
| 1 |
Polkadot
DOT
|
$0.8370 |
| 1 |
Chainlink
LINK
|
$8.31 |