Crypto
82 crypto projects shut down this year, survival at risk amid bear market and funding crunch
A total of 82 cryptocurrency projects and protocols have stopped operating so far this year, as a prolonged bear market, worsening profitability, depleted funding and security incidents weigh on the sector. Researcher Stacey Moore compiled the list and posted it on X, including Balancer and Radiant Capital. Separately, DefiLlama said about 100 projects announced shutdowns this year, citing weak product-market fit and funding constraints despite sizeable fundraising.
