ApeChain's Post-Launch Struggles Evident as TVL Plummets

The ApeChain ecosystem is reportedly experiencing severe headwinds, with recent data indicating a dramatic contraction in its operational metrics. A mere year after its inception, the platform's Total Value Locked (TVL), a key indicator of liquidity and user engagement, has fallen by more than 80%. This decline is further exacerbated by the fact that the vast majority of its integrated protocols are struggling to achieve financial viability. Out of close to 30 protocols built on ApeChain, only a handful—specifically three—are managing to generate any revenue. This performance raises questions about the sustainability and future prospects of the ecosystem, highlighting significant challenges in attracting and retaining value within its decentralized applications.