The days of the SAGA public chain seem to be getting harder and harder. First, it was gradually marginalized in market competition, and recently, security issues have emerged. With this series of blows, many are saying "dead or wounded."
Speaking of which, SAGA's initial selling points were simplicity of operation and safety and reliability. But what happened? The market response was tepid, and investors are not convinced. Now, with the security incident added, maintaining credibility becomes even more difficult.
Looking at the entire public chain ecosystem, such incidents actually reflect a common problem—the fundamental stability and security assurance remain industry weaknesses. When promised advantages cannot be delivered, the project's prospects become truly worrying. Many have already begun to question whether such projects are still worth paying attention to.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
4
Repost
Share
Comment
0/400
LonelyAnchorman
· 20h ago
If safety can't be guaranteed, what's the point of talking about innovation? SAGA truly messed up this round.
Countered by its selling points, it's a tragic irony.
I said it before, projects like this should have been cleared out of the track long ago.
Another collapse story of "we are different from others."
It's laughable; the more they boast, the worse they fall.
Honestly, how many public chains dare to guarantee safety with their chest out? They're all paper tigers.
That's why I only hold the top few, I really don't dare to touch the others.
SAGA can be marked as a negative example.
View OriginalReply0
ApeEscapeArtist
· 21h ago
I've seen through it long ago. No matter how much these new public chains hype themselves, it's all in vain; they'll be exposed as soon as something goes wrong. SAGA's safety card has been completely worn out, so what else can we expect?
View OriginalReply0
ApeWithAPlan
· 21h ago
Another rug-pull project, hilarious. Where's the promised safety and reliability?
---
SAGA really underperformed this time; just shouting slogans without real skills.
---
It feels like the public chain track is already completely rotten, everyone is just bragging.
---
Once a security incident occurs, no one wants it anymore. This is probably standard procedure.
---
Who bought SAGA back then? Are you still holding it now?
---
There are too many public chains; only a few can survive. SAGA is obviously not one of them.
---
These types of projects are originally meant to scam retail investors; now they've just been exposed.
---
The gap between promises and reality is always like this.
View OriginalReply0
GasOptimizer
· 21h ago
Taking a look at SAGA's on-chain data, the number of active addresses has been declining since March of last year, and now the TVL has dropped 85% from its peak. Security incidents are just the last straw that broke the camel's back; frankly, it's because the product's capabilities haven't met expectations.
The days of the SAGA public chain seem to be getting harder and harder. First, it was gradually marginalized in market competition, and recently, security issues have emerged. With this series of blows, many are saying "dead or wounded."
Speaking of which, SAGA's initial selling points were simplicity of operation and safety and reliability. But what happened? The market response was tepid, and investors are not convinced. Now, with the security incident added, maintaining credibility becomes even more difficult.
Looking at the entire public chain ecosystem, such incidents actually reflect a common problem—the fundamental stability and security assurance remain industry weaknesses. When promised advantages cannot be delivered, the project's prospects become truly worrying. Many have already begun to question whether such projects are still worth paying attention to.