Crypto
Many DeFi projects shut down in 2025 on low use, vanishing token liquidity
Many decentralised finance (DeFi) projects stopped operating in 2025. Crypto influencer Greenbutred named Linear Finance, ZK Lend, Loopring DeFi, Delv, Kinto and Minterest as projects that shut down that year. They shared problems including low usage, depleted token liquidity, hacking losses, delistings and worsening market conditions. Influencer Stacy Muur said many DeFi protocols with almost no revenue were barely holding on, citing projects with less than $3,000 in fee income over the past 30 days.
