WHY MANY ‘ZOMBIE BLOCKCHAINS' ARE STILL WORTH BILLIONS OF DOLLARS

Summary from the TLDR Crypto newsletter

Forbes has defined a list of 20 zombie blockchains with over a billion dollars in market capitalization but little utility or user activity. This phenomenon can be attributed to the intangible qualities of these networks, their longevity in surviving multiple cycles, and the presence of loyal supporters promoting them. Some investors value these chains for factors beyond utility, similar to how fashion brands derive value from social status or storytelling.