When you hear Pontoon, a cross-chain protocol launched in 2021 to move assets between blockchains without intermediaries. Also known as TOON, it was one of many projects betting that users would trade across chains faster and cheaper. But today, Pontoon is gone—no updates, no team, no liquidity. Its token, TOON, lost 99.99% of its value. This isn’t just another dead coin. It’s a case study in how hype outpaces execution in crypto.
What made Pontoon different at first? It claimed to solve the fragmentation problem in DeFi. While users had to jump between chains using bridges that often got hacked or froze funds, Pontoon promised a single interface to move assets like Bitcoin, Ethereum, and Solana tokens instantly. It sounded simple. But behind the whitepaper, there was no real infrastructure, no active developers, and no community that stuck around after the initial airdrop. The same pattern shows up in other failed projects: cross-chain protocols, blockchain systems designed to connect separate ledgers like Wormhole, LayerZero, or Chainlink CCIP need more than a flashy website—they need audits, real users, and long-term incentives. Pontoon had none of that. And when the market turned, it collapsed faster than most.
It’s not just Pontoon. You’ll find similar stories in the posts below: Saturn Network shut down without warning. UvToken vanished after a massive price drop. Brokoli’s BRKL airdrop turned into a ghost token. These aren’t random failures. They’re symptoms of a crypto ecosystem that rewards early hype over lasting utility. The real lesson? Don’t chase the next big thing unless you know who’s building it, how it works under the hood, and whether anyone’s still using it. The market doesn’t care about promises. It cares about activity. And when activity dies, so does the token.
Below, you’ll find real stories of crypto projects that looked promising but didn’t survive—some because they were scams, others because they were just poorly built. Whether you’re looking to avoid dead coins or understand why some protocols fail while others thrive, these posts give you the facts—not the marketing.
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HELEN Nguyen
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Pontoon (TOON) was a cross-chain crypto project designed to simplify liquidity movement between blockchains. Today, it's nearly worthless, with a market cap under $500 and no active development. Learn why it failed despite raising millions.
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