{"id":4268,"date":"2026-01-13T11:01:06","date_gmt":"2026-01-13T03:01:06","guid":{"rendered":"https:\/\/theexchain.com\/crypto-sector-sees-widespread-project-failures-in-2025-as-market-shifts-from-speculation-to-value\/"},"modified":"2026-01-13T11:01:06","modified_gmt":"2026-01-13T03:01:06","slug":"%ec%95%94%ed%98%b8%ed%99%94%ed%8f%90-%ec%97%85%ea%b3%84-2025%eb%85%84-%ec%8b%9c%ec%9e%a5%ec%9d%b4-%ed%88%ac%ea%b8%b0%ec%97%90%ec%84%9c-%ea%b0%80%ec%b9%98%eb%a1%9c-%ec%a0%84%ed%99%98%ed%95%a8%ec%97%90","status":"publish","type":"post","link":"https:\/\/theexchain.com\/ko\/%ec%95%94%ed%98%b8%ed%99%94%ed%8f%90-%ec%97%85%ea%b3%84-2025%eb%85%84-%ec%8b%9c%ec%9e%a5%ec%9d%b4-%ed%88%ac%ea%b8%b0%ec%97%90%ec%84%9c-%ea%b0%80%ec%b9%98%eb%a1%9c-%ec%a0%84%ed%99%98%ed%95%a8%ec%97%90\/","title":{"rendered":"\uc554\ud638\ud654\ud3d0 \uc5c5\uacc4, 2025\ub144 \uc2dc\uc7a5\uc774 \ud22c\uae30\uc5d0\uc11c \uac00\uce58\ub85c \uc804\ud658\ub428\uc5d0 \ub530\ub77c \uad11\ubc94\uc704\ud55c \ud504\ub85c\uc81d\ud2b8 \uc2e4\ud328 \uc608\uc0c1"},"content":{"rendered":"<p>2025\ub144\uc740 \uc554\ud638\ud654\ud3d0 \uc5c5\uacc4\uc5d0 \uc788\uc5b4 \uc911\uc694\ud55c \uc2dc\uae30\ub85c, \uc218\ub9ce\uc740 \ud504\ub85c\uc81d\ud2b8\uc758 \uc2e4\ud328\ub85c \uc810\ucca0\ub41c \ud55c \ud574\uc600\uc2b5\ub2c8\ub2e4. \ub8e8\ud2b8\ub370\uc774\ud130\uc758 \ub370\uc774\ud130\uc5d0 \ub530\ub974\uba74 2025\ub144\uc5d0 \uc6b4\uc601\uc744 \uc911\ub2e8\ud558\uac70\ub098 \ud30c\uc0b0\uc744 \uc120\uc5b8\ud558\uac70\ub098 \ub354 \uc774\uc0c1 \uc6b4\uc601\ub418\uc9c0 \uc54a\ub294 \ub4f1 '\uc8fd\uc740' \uac83\uc73c\ub85c \uac04\uc8fc\ub418\ub294 \ud504\ub85c\uc81d\ud2b8\uc758 \ubaa9\ub85d\uc774 \uacf5\uac1c\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ucd94\uc138\ub294 \ud22c\uae30\uc801\uc778 \uc774\uc57c\uae30\uc640 \uc790\uae08 \uc870\ub2ec\uc5d0 \ub300\ud55c \ud658\uc0c1\uc774 \uc8fc\ub3c4\ud558\ub294 \ub2e8\uacc4\uc5d0\uc11c \uc2e4\uc9c8\uc801\uc778 \uac00\uce58\uc640 \uc2e4\ud589 \uac00\ub2a5\ud55c \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc758 \uc0dd\uc874\uc5d0 \ucd08\uc810\uc744 \ub9de\ucd98 \ub2e8\uacc4\ub85c \uc2dc\uc7a5 \uc804\ubc18\uc758 \uc804\ud658\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4. \uacfc\uac70 \ub370\uc774\ud130\uc5d0 \ub530\ub974\uba74 2022~2023\ub144 \uc2dc\uc7a5 \uce68\uccb4\uae30\uc5d0 \uc2e4\ud328\ud55c \ud504\ub85c\uc81d\ud2b8\uac00 \uae09\uc99d\ud558\uc5ec \uac01\uac01 250\uac1c\uc640 230\uac1c\ub85c \uc815\uc810\uc744 \ucc0d\uc5c8\uc2b5\ub2c8\ub2e4. 2024\ub144\uc5d0\ub294 \uc2e4\ud328 \uac74\uc218\uac00 171\uac74\uc73c\ub85c \uac10\uc18c\ud588\uc9c0\ub9cc, 2025\ub144\uc758 \uc2e4\ud328\ub294 \uadf8 \uc131\uaca9\uc774 \ub69c\ub837\ud569\ub2c8\ub2e4. \ud604\uc7ac\uc758 \uc2e4\ud328\ub294 \uc678\ubd80 \ucda9\uaca9\ubcf4\ub2e4\ub294 \uc2dc\uc7a5\uc758 \uc555\ubc15\uc5d0 \ub530\ub978 \ud575\uc2ec \ube44\uc988\ub2c8\uc2a4 \ub85c\uc9c1\uc758 \ubd95\uad34, \ud2b9\ud788 \uc774\uc804\uc5d0 \uc790\uae08\uc774 \uacfc\uc789 \uacf5\uae09\ub41c \ubd80\ubb38\uc5d0\uc11c \ub354 \ub9ce\uc774 \ubc1c\uc0dd\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uac00\uc7a5 \ud070 \ud0c0\uaca9\uc744 \uc785\uc740 \ubd84\uc57c\ub294 \uac8c\uc784\ud30c\uc774\uc640 NFT \ubd84\uc57c\uc600\uc2b5\ub2c8\ub2e4. \ucf64\ubcf4\uc640 \ub0d4 \ud788\uc5b4\ub85c\uc988\ub97c \ube44\ub86f\ud55c \uc218\ub9ce\uc740 \uac8c\uc784\ud30c\uc774 \ud504\ub85c\uc81d\ud2b8\uac00 \ubb38\uc744 \ub2eb\uc558\uc2b5\ub2c8\ub2e4. NFT \ubd84\uc57c\uc5d0\uc11c\ub294 Royal\uacfc RECUR \uac19\uc740 \ud50c\ub7ab\ud3fc\uc774 \uc0ac\ub77c\uc84c\uc2b5\ub2c8\ub2e4. CLV\uc640 \ubca0\uac00 \ud504\ub85c\ud1a0\ucf5c\uacfc \uac19\uc740 \uc778\ud504\ub77c \ud504\ub85c\uc81d\ud2b8\ub3c4 \uc57d\ud55c \uc0dd\ud0dc\uacc4 \uacac\uc778\ub825\uc73c\ub85c \uc778\ud574 \uc2e4\ud328\ud588\uace0, \uc790\ub3d9\ud654\ub41c \ub9c8\ucf13 \uba54\uc774\ucee4\uc778 \ubc88\ub2c8\uc640 \uac19\uc740 \ud504\ub85c\uc81d\ud2b8\ub294 \uc2ec\uac01\ud55c \ubcf4\uc548 \uce68\ud574\uc758 \ud76c\uc0dd\uc591\uc774 \ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ub8e8\ud2b8\ub370\uc774\ud130\ub294 \uba85\ubc31\ud55c \uc2e4\ud328 \uc678\uc5d0\ub3c4 2022~2023\ub144 \uc8fc\uae30 \ub3d9\uc548 \uc218\ubc31 \uac1c\uc758 '\uc880\ube44 \ud504\ub85c\uc81d\ud2b8', \uc989 \ub300\ubd80\ubd84 \ud65c\ub3d9\uc774 \uc911\ub2e8\ub41c \ubca4\ucc98\ub97c \ud655\uc778\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc2e4\ud328\uc758 \ubb3c\uacb0\uc740 \uc5c5\uacc4\uc758 \uae30\ubcf8 \ub17c\ub9ac\uc758 \uadfc\ubcf8\uc801\uc778 \ubcc0\ud654\uc5d0\uc11c \ube44\ub86f\ub429\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \uac8c\uc784\ud30c\uc774 \ubd80\ubb38\uc740 2025\ub144\uc5d0 \ucd1d \uc2dc\uc7a5 \uac00\uce58\uac00 601\uc870 \uc6d0 \uc774\uc0c1 \uae09\ub77d\ud558\uba70 \uc9c0\uc18d \ubd88\uac00\ub2a5\ud55c \ud1a0\ud070 \ub178\ubbf9\uc2a4\uc640 \uc9c0\uc18d\uc801\uc778 \uc790\ubcf8 \uc720\uc785\uc5d0 \uc758\uc874\ud558\ub294 '\ud50c\ub808\uc774 \ud22c \uc778' \ubaa8\ub378\uc758 \ucde8\uc57d\uc131\uc744 \ub4dc\ub7ec\ub0c8\uc2b5\ub2c8\ub2e4. NFT \uc2dc\uc7a5 \uac00\uce58\ub294 721\uc870 3,000\uc5b5 \ub2ec\ub7ec\uae4c\uc9c0 \ud3ed\ub77d\ud588\uc73c\uba70, \ud65c\uc131 \ud310\ub9e4\uc790\uac00 \uae09\uaca9\ud788 \uac10\uc18c\ud558\uba74\uc11c \uc720\ud2f8\ub9ac\ud2f0\uc758 \uc704\uae30\uc640 \uc720\ud615 \uc790\uc0b0\uc5d0 \ub300\ud55c \ud22c\uc790\uc790\uc758 \uc120\ud638\ub3c4 \ubcc0\ud654\ub97c \uac15\uc870\ud588\uc2b5\ub2c8\ub2e4. \ub514\ud30c\uc774 \ubd80\ubb38\ub3c4 \ubcf4\uc548 \uc6b0\ub824\uc640 \uc218\uc775\ub960 \uac10\uc18c\ub85c \uc778\ud574 \ucd1d\uac00\uce58 \uace0\uc815(TVL)\uc774 201\uc870 3\ucc9c\uc5b5 \ub2ec\ub7ec \uc774\uc0c1 \ud558\ub77d\ud558\uba70 \uc704\ucd95\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ud2b9\ud788, \ub9ce\uc740 \uc720\uba85 \ud504\ub85c\uc81d\ud2b8\uac00 \ubca4\ucc98 \uce90\ud53c\ud138\uc758 \uc9c0\uc6d0\uc744 \ubc1b\uc9c0 \ubabb\ud574 \ubcf4\ud638\ubc1b\uc9c0 \ubabb\ud588\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \uacbd\uc7c1 \ud504\ub85c\uc81d\ud2b8\uc5d0 \ubc00\ub824 \uc8fc\ubaa9\uc744 \ubc1b\uc9c0 \ubabb\ud55c \ubca0\uac00 \ud504\ub85c\ud1a0\ucf5c(1\uc5b5 4\ucc9c\ub9cc \ub2ec\ub7ec \uc774\uc0c1 \ubaa8\uae08)\uacfc \uad11\ubc94\uc704\ud55c NFT \uc2dc\uc7a5 \uce68\uccb4\uc640 \ud568\uaed8 \ubb34\ub108\uc9c4 NFT \ud50c\ub7ab\ud3fc \ub85c\uc584(1\uc5b5 4\ucc9c 7\ubc31\ub9cc \ub2ec\ub7ec \ubaa8\uae08)\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc778\ud504\ub77c \ubc0f \uba54\ud0c0\ubc84\uc2a4 \ubd84\uc57c\uc758 \ub2e4\ub978 \ub9ce\uc740 \uc790\uae08\uc744 \uc9c0\uc6d0\ubc1b\uc740 \ud504\ub85c\uc81d\ud2b8\ub4e4\ub3c4 \uc0dd\ud0dc\uacc4 \ubd95\uad34, \uae30\uc220 \uc9c0\uc5f0, \uacbd\uc81c \ubaa8\ub378\uc758 \uacb0\ud568 \ub4f1\uc73c\ub85c \ube44\uc2b7\ud55c \uc6b4\uba85\uc744 \ub9de\uc774\ud588\uc2b5\ub2c8\ub2e4. 2025\ub144 \uacbd\uae30 \uce68\uccb4\ub294 \ub192\uc740 \uc790\uae08\ub825\uacfc \uba85\ub9dd \uc788\ub294 \ud6c4\uc6d0\uc790\uac00 \ub354 \uc774\uc0c1 \uc0dd\uc874\uc744 \ubcf4\uc7a5\ud560 \uc218 \uc5c6\ub2e4\ub294 \ubd84\uba85\ud55c \uba54\uc2dc\uc9c0\ub97c \uc804\ub2ec\ud569\ub2c8\ub2e4. \uc2dc\uc7a5\uc740 \ud22c\uae30 \uc911\uc2ec\uc758 \uc131\uc7a5\uc5d0\uc11c \uac00\uce58 \uc911\uc2ec\uc758 \uc9c0\uc18d \uac00\ub2a5\uc131\uc73c\ub85c \ud328\ub7ec\ub2e4\uc784\uc774 \uc804\ud658\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc9c4\uc815\ud55c \uc0ac\uc6a9\uc790 \ucc44\ud0dd, \uc81c\ud488 \uc2dc\uc7a5 \uc801\ud569\uc131, \uc9c0\uc18d \uac00\ub2a5\ud55c \uacbd\uc81c \ubaa8\ub378\uc774 \ubd80\uc871\ud55c \ud504\ub85c\uc81d\ud2b8\ub294 \uccb4\uacc4\uc801\uc73c\ub85c \uc815\ub9ac\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uace0\ud1b5\uc2a4\ub7ec\uc6b4 \ud1b5\ud569\uc740 \uc5b4\ub835\uc9c0\ub9cc, \uc7a5\uae30\uc801\uc778 \uc0dd\uc874 \uac00\ub2a5\uc131\uc774 \uacfc\ub300\uad11\uace0\ubcf4\ub2e4 \ub354 \uc911\uc694\ud55c \ub2e8\uacc4\ub85c \uc5c5\uacc4\ub97c \uc774\ub04c\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>","protected":false},"excerpt":{"rendered":"<p>The year 2025 has emerged as a pivotal period of reckoning for the cryptocurrency industry, marked by a significant wave of project failures. Data from RootData reveals a list of projects deemed &#8220;dead&#8221; in 2025\u2014having ceased operations, declared bankruptcy, or become non-functional. This trend signifies a market-wide shift from a phase driven by speculative narratives [&hellip;]<\/p>","protected":false},"author":1,"featured_media":4267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-4268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insight"],"_links":{"self":[{"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/posts\/4268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/comments?post=4268"}],"version-history":[{"count":0,"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/posts\/4268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/media\/4267"}],"wp:attachment":[{"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/media?parent=4268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/categories?post=4268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theexchain.com\/ko\/wp-json\/wp\/v2\/tags?post=4268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}