With Bitcoin setting all-time highs, it's bringing up the rest of the market, but before investors buy-in is best to understand how much activity is actually occurring on each of these platforms.

I'm Rose Marie Miller here with Stephen Erlich, the director of Forbes digital assets, here to tell us more.

Thank you so much for joining me today, Steve. Thanks Rosemary. So Steve, you mentioned something about a zombie blockchain. Could you tell us what that is?

Absolutely. So what we published earlier this week

was the results of a multi-month investigation

by myself and two of our colleagues, Nina Bamicheva and Maria Gracia Santiano Lenaris.

And what we really were looking at were, we were looking for zombie blockchains.

Essentially, we were, I guess, zombie hunters in a way,

because we were trying to understand

how many blockchains out there had prices and fundamentals that were completely detached from their metrics and usage rates.

The real question, I guess with the crypto in general, and because it's still as much of an idea as an actual

platform with with with real mainstream use cases there's always a bit of like prognostication and

predictions into like how much future use will come to these

platforms and that will sort of be reflected in the price.

But what we found is that there are 50 different blockchains right now,

and that just means like blockchains like Ethereum or Salana,

although those are not on the list, platforms that are meant to just support a wide

range of applications that are worth at least $1 billion in terms of the value of all circulating tokens.

And just intellectually that seems unlikely, at least to be something

that can be supported at scale because it just isn't enough use

and these platforms can become commoditized to some extent.

So we were looking at these and trying to figure out how many

...