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What is Yieldwatch (WATCH) crypto coin? Real facts about the abandoned DeFi dashboard token

Jun, 27 2025

What is Yieldwatch (WATCH) crypto coin? Real facts about the abandoned DeFi dashboard token
  • By: Tamsin Quellary
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  • Cryptocurrency

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Yieldwatch (WATCH) is a crypto token that was once marketed as a tool to simplify yield farming on Binance Smart Chain. But today, it’s not a thriving DeFi project-it’s a ghost. Launched in February 2021, WATCH was supposed to be the first mobile-optimized dashboard to track staking rewards, APY, and impermanent loss across platforms like PancakeSwap and Venus. Instead, it became a case study in how not to build a crypto product.

What WATCH was supposed to do

Yieldwatch.net promised to solve a real problem: DeFi users had to jump between five different sites just to see how much they were earning from liquidity pools. The founders claimed WATCH would bring all that data into one clean, mobile-friendly interface. For a few months in 2021, it worked. Early users praised the speed-loading in under 1.2 seconds on 4G-and the clear visuals showing exactly how much they were gaining or losing.

The token itself was a BEP-20 utility token, meaning it ran on Binance Smart Chain and could be stored in MetaMask or Trust Wallet. It wasn’t mineable. There was no staking mechanism for WATCH itself. Its only job was to give users access to the dashboard. No governance. No voting rights. No roadmap beyond “make it easier to track farms.”

The numbers don’t lie

WATCH had a total supply of 20 million tokens. Around 19.7 million are in circulation. That’s 98% of the supply. Sounds like most of it was sold, right? Not quite.

It raised $800,000 in its IDO in March 2021 at $0.10 per token. That’s a solid start. But here’s the problem: the price today is $0.017. That’s a 83% drop from its initial offering. And that’s not even the worst part.

Its all-time high was $3.6186. That’s a 99.7% crash. For comparison, the broader DeFi sector has lost about 82% since its 2021 peak. WATCH didn’t just follow the market-it collapsed faster than almost everything else.

Market cap? Around $340,000. Daily trading volume? Between $0 and $83. That’s less than the cost of a coffee. CoinGecko rates it as having “extremely low” liquidity. It’s ranked #2712 by market cap out of over 20,000 crypto assets.

Why it failed

Yieldwatch made one fatal mistake: it only worked on Binance Smart Chain.

In 2021, BSC was hot. But by 2022, Ethereum, Polygon, and Avalanche were pulling ahead. DeFi Llama shows Ethereum-based protocols now make up 52% of the entire DeFi market. Yieldwatch couldn’t track any of them. If you were using Aave on Ethereum or Curve on Polygon, WATCH was useless.

Meanwhile, competitors like Zapper.fi and DeBank were adding support for 10+ chains. Zapper.fi has a market cap of $150 million. Yieldwatch? $340,000. Zapper.fi has $24 million in daily volume. Yieldwatch? Less than $100.

The dashboard stopped updating. PancakeSwap pools showed 0% APY when real rates were 25%. Integration guides were outdated. The last update to their documentation? June 2022. No one’s maintained it since.

Ghostly WATCH token sinking in a crypto graveyard as users discard it, while modern dashboards shine ahead.

No community. No support. No future

The official Telegram group had 1,200 members in 2021. Now? Three active users.

The Twitter account @yieldwatch hasn’t posted since August 2022. Their last tweet said “mobile app coming soon.” It never came.

GitHub commits stopped in December 2022. No new code. No bug fixes. No features.

User reviews on Reddit and CryptoSlate are brutal. “Tried it last month. Everything was broken.” “Support doesn’t exist.” “I’m still holding WATCH because I’m too lazy to sell.”

The number of token holders has dropped from 38,500 in early 2022 to just 22,360 today. That’s a 42% loss in just three years. People aren’t just ignoring it-they’re actively dumping it.

Is WATCH still usable?

Technically, yes. You can still visit yieldwatch.net. You can still connect your wallet. You can still see some old data.

But here’s the catch: most of the protocols it tracks have changed their smart contracts. The APY numbers are wrong. The impermanent loss calculations are outdated. The interface still loads fast-but it’s showing you lies.

And you can’t even buy WATCH easily. It’s only listed on Binance’s low-liquidity market, paired with USDT. KuCoin doesn’t support it. Coinbase? No. Crypto.com? No. If you want to buy it, you’re stuck on a niche exchange with almost no buyers.

A user stares at a broken Yieldwatch tablet as abandoned crypto relics fill the room, with a rocket of progress flying past.

Should you invest in WATCH?

No.

There’s no development team. No updates. No community. No future. The token has no utility beyond being a relic of a failed project.

Even if you bought it at $0.005 today, there’s no realistic path for it to recover. No new integrations. No partnerships. No token burns. No announcements. Nothing.

Crypto analyst Michael van de Poppe called it “a project that peaked too early.” CoinGecko says it’s “effectively defunct.” BitInfoCharts predicts a 98.7% chance it falls below $0.005 in the next year.

This isn’t a speculative opportunity. It’s a graveyard.

What to use instead

If you’re tracking DeFi yields, use tools that actually work:

  • Zapper.fi - Tracks Ethereum, BSC, Polygon, Avalanche, and more. Real-time data. Active team.
  • DeBank - Clean interface. Multi-chain. Used by over 1 million people.
  • Zerion - Portfolio tracker with yield analytics. Regular updates.
  • DeFi Saver - For advanced users who want automation and risk control.
These platforms are updated weekly. They have customer support. They have active communities. They’re building for the future.

Yieldwatch is a relic.

Final verdict

Yieldwatch (WATCH) was a simple idea that failed to scale. It solved a real problem-but only for a small slice of the market. Then it stopped evolving. It ignored multi-chain growth. It abandoned its users. It disappeared.

Today, WATCH is a dead token. No one’s building on it. No one’s using it. No one’s even talking about it.

If you own it, consider selling. If you’re thinking of buying it, walk away. There’s no upside. Only risk.

The crypto world moves fast. Projects that don’t keep up don’t just fall behind-they vanish.

Yieldwatch didn’t just lose its way. It disappeared entirely.

Tags: Yieldwatch WATCH coin Binance Smart Chain DeFi dashboard crypto token

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