Since the beginning of 2026, 15 crypto projects have announced shutdowns

Since the start of 2026, a total of 15 crypto projects have announced closures or partial wind-downs, according to a report by Cryptogics.

GLOBAL WEB3 PROJECTS SHUTDOWN IN Q1–Q2 2026

Let’s explore the recent wave of #Web3 project shutdowns in the first half of 2026. This overview highlights key projects across #DeFi, NFTs, infrastructure, and blockchain services, showing where momentum has slowed or failed to…

As shown, the list includes projects from DeFi, blockchain services, infrastructure, NFT, and GameFi sectors. Some of them were mentioned previously. In particular:

MilkyWay. A liquid staking and restaking protocol for modular blockchains. Shutdown announced in early January 2026 due to financial pressure and low demand.

ZeroLend. A decentralized lending protocol. Closure announced in mid-February due to worsening ecosystem conditions, declining liquidity, and losses.

Step Finance. A project within the Solana ecosystem. Closure announced in February following a $40 million hack in late January 2026.

Tally. A DAO governance platform. Shutdown announced in mid-March due to the lack of a sustainable business model.

Magic Eden. An NFT marketplace that is not fully shutting down. In late February, the team announced a strategic pivot: discontinuing support for all networks except Solana and shutting down its wallet in favor of a prediction market focus.

Regarding other projects:

Bloktopia. A GameFi project featuring a virtual crypto skyscraper. The team officially announced a complete shutdown due to the failure to establish a sustainable model after its 2021 popularity peak.

Nifty Gateway. An NFT marketplace. Gemini announced its closure on February 23, 2026, transitioning it to withdrawal-only mode, as part of a shift toward a super app strategy.

Polynomial. A DeFi derivatives and yield protocol shutting down Polynomial Chain and Polynomial Trade due to long-term viability and liquidity issues.

Parsec. An analytics platform and market data terminal. The reason for closure was not disclosed; the project is ending operations after five years.

Slingshot. A cross-chain DeFi aggregator. Users were advised to export private keys; no official reason for closure was provided.

Angle Protocol. A DeFi protocol with EURA and USDA stablecoins. The community voted to shut it down (AIP-112) due to long-term market changes and declining interest.

DataHaven. A decentralized data storage infrastructure project for AI agents. The team failed to find a sustainable path despite funding and partnership attempts.

Dmail. A blockchain-based decentralized messaging protocol. The team announced closure and asked users to export data by May 15, 2026. Reason: inability to establish a viable business model amid high costs.

Leap Wallet. A non-custodial multi-chain wallet in the Cosmos ecosystem. Closure of all products is scheduled for May 28, 2026, with unclear reasoning.

Echooo. A crypto wallet for AI agents. No official closure announcement; likely included as inactive.

The list shows that the most common reasons for shutdowns are loss of competitiveness and funding challenges. This also reflects a shift in venture capital priorities toward larger and more sustainable projects.

See also: "Hackers Stole $280 Million from Decentralized Crypto Exchange Drift"

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