As of August 2025, ONE's reputation has taken a significant blow following a critical hack that has sparked widespread concern within the crypto community. Many users are questioning the project's legitimacy, suggesting it would have been a leading contender in the top 10 cryptocurrencies without this setback.
The Rise, Fall and Frustration
Once seen as a competitor to Solana, ONE offered low fees and rapid transaction speeds, even boasting Ethereum Virtual Machine (EVM) capabilities. Community sentiment reflects deep disappointment. One comment states, "It would have been top tier if it wasn't for that," highlighting the project’s perceived potential if not for the bridge hack.
Another community member remarked, "If the creators never rugged the project, this would easily have been in the space where SOL has taken."
Bad Decisions Plague the Project
Discussions emphasize the responsibility of poor leadership decisions, specifically the allocation of funds to unreliable projects, including:
Scam DAOs receiving financial support
Loss of DeFi kingdoms
Negative reputations of key leaders
As one community member bluntly stated, "They rugged us all. Tech is nothing special while anyone could build it."
Community's Bleak Outlook
While some users maintain hope, others are resigned to a less optimistic view. "Bro, it's over. Come to terms. No one is developing on the chain," another commented, reflecting a growing sense of stagnation in development.
Interestingly, despite the negative atmosphere, a few voices remain optimistic, asserting that ONE still provides solid returns and fast transactions. One user observed, "It still could be."
Key Takeaways
🚫 Distrust prevails due to leadership failures.
🔒 Security concerns overshadow previous tech strengths.
📉 ONE's price remains under $0.02, questioning its viability in the future.
The ongoing saga of ONE underscores broader issues within the crypto sphere, where trust can erode overnight, leaving users dissatisfied and uncertain about the future.
What's Next for ONE?
There's little indication that ONE's problems will resolve soon, particularly as leadership challenges appear to overshadow any existing technical advantages. Experts have noted that approximately 70% of similar projects fail after a major security incident, especially without rebuilding trust. Without significant improvements in transparency and leadership credibility, ONE risks further stagnation, complicating efforts to attract developers and new investments.
Links and Resources
To learn more about blockchain security and the impacts of hacks, visit CoinTelegraph or Decrypt.