Hundreds of blockchain networks launched during the last market cycle have become inactive, with new analysis revealing that widely used evaluation metrics are ineffective at predicting long-term viability. Research testing standard industry indicators found most fail to accurately identify which chains will survive beyond initial hype. The findings highlight a critical gap in current assessment methodologies as the majority of projects from the previous cycle now operate as ghost towns. This suggests investors and developers may need to reconsider traditional frameworks for evaluating blockchain ecosystem sustainability and success potential.