Crypto
Why DeFi projects that survived the 2022 crash are closing now
DeFi projects that withstood the 2022 Terra and FTX collapses are shutting down in 2026. Cointelegraph reported analysts see tougher competition within DeFi rather than broad industry consolidation. Zapper plans to end its service in July, while Botanix, Step Finance, Parsec and Odos Protocol have closed or are winding down. Data showed 101 crypto projects shut this year through July 26, over half tied to DeFi. Fee and revenue indicators have deteriorated, while some cite weak demand and others point to continued stablecoin growth.
