Timeline of the Decline
April 2018
$22.89
All-Time High - Peak euphoria
January 2019
$3.00
Development stalls, Block.one inactive
March 2020
$2.00
Long-term decline, tech becomes outdated
Current
$0.50
Post-collapse trading
What Went Wrong
-
Block.one Abandonment
Block.one raised $4B in the ICO but largely abandoned EOS development, sitting on a Bitcoin treasury instead.
-
Technological Stagnation
While competitors innovated, EOS fell behind on features, developer tools, and ecosystem growth.
-
Governance Failures
The DPoS system led to cartels of block producers and accusations of vote buying and centralization.