Does new protocol launch always add value to the network?

New protocols are launching everyday on different networks in the crypto space and the trend is likely to continue through this year. But does new protocol launch always add value to the network and stimulate user activity and engagement?

My recently published article on Cointelegraph here focuses on Terra chain and discovers that the price of LUNA often increases right after the new protocol’s pre-launch phases start.

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Specialise in NFT & DeFi analytics & modeling. Crypto and decentralisation enthusiast. You can DM me for questions or discussions on Twitter @elenahoolu

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elenahoo

Specialise in NFT & DeFi analytics & modeling. Crypto and decentralisation enthusiast. You can DM me for questions or discussions on Twitter @elenahoolu