Recent data from CryptoRank highlights a significant disparity between venture capital valuations and current market caps for several blockchain projects. As of December 23, Fuel Network, Bubblemaps, and Humanity Protocol, initially valued at $10 billion by venture capitalists, are now trading at $11 million, $6 million, and $285 million, respectively. This trend underscores a broader market sentiment shift, revealing overinflated expectations. Other projects such as Plasma, ICNT, and DoubleZero also exhibit similar valuation discrepancies, indicating a widespread reassessment of blockchain project valuations in the current market climate.