. In theory, $CKB has good relationships in Shanghai, but after all, it doesn't mix in the tech circles, and after a wave of market-making, the price returned to square one.

Back in the day, the private placement price of CKB was 0.04205 yuan, raising 1.059 billion yuan. The public offering price was 0.07 yuan, raising 1.764 billion yuan. Total financing amounted to 2.8 billion yuan. That's less than ETH's financing but more than EOS's!

After all these years, they have developed EVM L2, created BTC L2 (RGB++), and made various attempts.

Yet, they haven't managed to build a good ecosystem; there have been too many good opportunities!