HyperEVM Ecosystem Failure Rate Hits 72% With 13 of 18 Projects Deemed Wasted

Prominent analyst katexbt labels HyperEVM a failure, citing that 13 of 18 ecosystem projects are dead, rug-pulled, or inactive, leaving only 5 with potential.

Woofun AI reports that crypto influencer katexbt declared the HyperEVM ecosystem a 'complete failure,' asserting that 13 out of 18 associated projects represent a 'pure waste of time.' The assessment details that two projects (felix, Hyperbeat) were shut down via timerug, seven have ceased operations (Hyperdrive, Hypurr, Liminal, hyperstablex, Looped, Laminar, Sentiment), and three achieved no results post-TGE (Hyperlend, hyperswap, Kittenswap). Valantis remains pending but faces timerug risks, while Harmonix had a decent start and Unit/TradeXYZ retains potential. Only Markets/Kinetiq, ProjX, and Nest are cited as performing fairly well.