In memory of
Every crypto project that died in 2026
Shutdowns, wind-downs and pivots, with why each one closed, when, and how much money it raised. Withdraw deadlines that are still open are at the top.
- 118
- projects buried
- $998M
- raised by the 71 with public funding
- 83
- fully closed
- 25
- still winding down
Shutdowns announced per month
· tap a month to filter
Echo Protocol
Lending
Oct 19 → Nov 19
Amount undisclosed
Bitcoin lending protocol winding down as a "business adjustment"; TVL fell from $878M peak to ~$11M after a May 2026 admin-key incident.
StandX
Perp DEX · @standx_official
Oct 15 → Jan 31, 2027
No public raise
Subsidy-driven perp DEX competition; token launch cancelled, one-time DUSD airdrop instead.
Blur
NFTs · @blur_io
Oct 12 → Nov 12
$11M raised
blur.io frontend retired; Blend stops matching new NFT loans. Contracts stay live on-chain.
Abstract
Layer 2 · @AbstractChain
Oct 6 → Dec 15
$11M raised
Pudgy Penguins' consumer L2. Weak demand and liquidity; Igloo lost tens of millions keeping it running.
Artizen
NFTs
Oct 6
$2.2M raised
Ended active operations; payout and withdrawal portal kept.
MyNearWallet
Wallet · @MyNearWallet
Oct 6 → Oct 31
No public raise
NEAR web wallet retired; assets stay on-chain.
Blast
Layer 2 · @Blast_L2
Oct 2 → Oct 26
$20M raised
Running the chain costs more than it earns; no credible path to sustainability.
Neon EVM
Infrastructure · @neonlabsorg
Oct 1 → Dec 31
$45M raised
Development and support ended Oct 1 after the team reviewed the project's position; users have until Dec 31 to move funds to Solana.
CoinEx
Exchange · @coinexcom
Sep 15 → Dec 22
Part of CoinEx
Nine-year-old exchange closing; most services ended Sep 29, withdrawals open until Dec 22.
CoinEx Smart Chain
Layer 1
Sep 15
Part of CoinEx
Closing together with the CoinEx exchange.
OneSwap
DEX
Sep 15
Part of CoinEx
CoinEx's DEX, closed together with the CoinEx exchange.
Balancer
DEX · @Balancer
Sep 14 → Oct 30
$39.25M raised
v3 revenue never replaced v2; $128M exploit (Nov 2025) hurt adoption. DAO approved wind-down, treasury returned to BAL holders.
HeyWallet
Wallet
Sep 12 → Nov 1
No public raise
Solana social wallet shutting down.
Cascade (ex-Perennial)
Brokerage
Sep 12
$15M raised
Closed after a July exploit.
Router Protocol
Cross-chain · @routerprotocol
Sep 5 → Sep 30
$4.58M raised
Ceasing operations; large treasury token burn announced.
Full Sail
DEX
Sep 1
No public raise
Sui DEX wound down after an attacker drained ~$91K from its vaults via a suspected Switchboard oracle compromise.
Lisk Chain
Layer 2 · @LiskHQ
Aug 25 → Oct 31
$6M raised
OP Stack L2 and DAO winding down; bridge out before Oct 31.
Shipyard (IPFS)
Infrastructure
Aug 24 → Sep 30
Part of Protocol Labs
Protocol Labs stopped funding the IPFS maintenance team.
Solana ID
Identity
Aug 19 → Sep 30
$250K raised
Identity protocol shut down; user data deleted unless opted in.
Paystream
DeFi
Aug 15
$750K raised
Yield startup that shifted from P2P lending to LP management and funding-rate arbitrage, now winding down.
Trepa
Prediction market
Aug 10 → Sep 30
$670K raised
Closed as Kalshi and Polymarket took 93% of prediction-market volume.
Fireplace
Prediction market
Aug 10 → Sep 30
$1.5M raised
Closed the same day as Trepa as Kalshi and Polymarket took 93% of prediction-market volume.
Step App
Gaming · @StepApp_
Aug 5 → Aug 21
$3.43M raised
Move-to-earn fitness app (FITFI) closed.
Proof of Play
Gaming
Aug 4
$33M raised
Pirate Nation studio winding down; code, contracts and art released.
POAP
NFTs · @poapxyz
Aug 3
$10M raised
Company winding down after 5+ years; existing POAPs stay on-chain.
BitMart
Exchange · @BitMartExchange
Jul 26 → Jan 31, 2027
$10M raised
Strategic review; market conditions. Trading ended Aug 26, operations end Jan 31, 2027.
Dango
Perp DEX · @dango
Jul 25 → Aug 13
$3.6M raised
Cash shortage, legal problems and team departures; 'no viable path to lasting commercial success' four months after launch.
BitMEX
Exchange · @BitMEX
Jul 23 → Sep 23
Part of HDR Global
Owner HDR closed the company after a strategic review, after 11 years.
Odos
DEX aggregator · @odosprotocol
Jul 23 → Jul 30
Amount undisclosed
Operating company wound down; no public reason given.
Movement Labs
Layer 1 · @movementlabsxyz
Jul 22
$41.4M raised
Core developer MVMT Labs filed for Chapter 11 after the MOVE token market-maker scandal, price collapse and co-founder exit.
SecondFi
Wallet
Jul 22
No public raise
No public reason given.
Summer.fi
DeFi · @summerfinance_
Jul 20
$11M raised
Shut down after the $6M Lazy Summer Protocol exploit.
Xenea Wallet
Wallet · @Xenea_io
Jul 13 → Jul 9
No public raise
Mobile wallet service discontinued.
Zapper
Portfolio tracker · @zapper_fi
Jul 9 → Aug 3
$16.5M raised
Free product with no sustainable revenue; shut down after almost 7 years.
Ctrl Wallet
Wallet · @Ctrl_Wallet
Jul 7 → Aug 3
$32M raised
Sending, swaps and dApp connections ended; recovery phrase export remains.
Moonbeam
Layer 1 · @MoonbeamNetwork
Jul 3 → Jul 31
$32.4M raised
Polkadot parachain sunset; relaunched on Base as an AI agent network.
AscendEX
Exchange · @AscendEX
Jul 1 → Jul 11
$50M raised
Ceased operations and froze automatic withdrawals; regulatory and financial trouble (MiCA).
Loopring
Layer 2 · @loopringorg
Jun 28 → Jul 3
$45M raised
Ethereum's first zk-rollup DEX; weak adoption and steep TVL decline.
Sophon
Layer 2 · @sophon
Jun 25 → Jun 26
$84.01M raised
ZK L2 sunset; team continues as consumer app studio Soph(+) on Base.
Ionic Protocol
Lending · @ionicmoney
Jun 18
No public raise
Never recovered from its February 2025 exploit.
Soundness Labs
Infrastructure
Jun 18
No public raise
ZK and post-quantum wallet infra team closed; repos stay public.
Powerloom
Infrastructure
Jun 16 → Jul 21
$3.1M raised
Data network wound down; hosted services ended Jun 16, chain stopped Jul 21.
Satori Finance
Perp DEX · @SatoriFinance
Jun 16 → Jul 16
$10M raised
Prolonged unfavorable market conditions left revenue too low to keep operating.
Ventuals
Perp DEX
Jun 15 → Jun 18
Amount undisclosed
HIP-3 markets settled and halted; team joined another Hyperliquid project.
Fishing Frenzy
Gaming · @FishingFrenzyCo
Jun 15 → Jun 25
$1.7M raised
Studio Uncharted closed: the game never reached product-market fit or a sustainable business model.
OpenRank (Karma3 Labs)
Infrastructure
Jun 15
$4.5M raised
Wound down; remaining capital returned to investors, code open-sourced.
Pudgy Party
Gaming · @PlayPudgyParty
Jun 13
Part of Igloo (Pudgy Penguins)
Mobile game wound down to focus on Pudgy World.
Botanix
Bitcoin L2 · @BotanixLabs
Jun 10 → Jul 9
$11.5M raised
Crowded Bitcoin L2 market; utility thesis never found a sustainable market.
Hyli
Layer 1
Jun 10
$3.4M raised
ZK blockchain closed before a viable launch; code left open source.
Radiant Capital
Lending · @RDNTCapital
Jun 1
$12.34M raised
Never recovered from its $50M 2024 hack; development stopped, withdrawals supported.
Rova
Social · @rovadotxyz
Jun 1
No public raise
Closure announced, no reason given.
Dogechain
Layer 2 · @DogeChain
Jun 1 → Aug 8
No public raise
Dogecoin EVM sidechain stopped after a 60-day withdrawal window.
Zero Network
Layer 2
May 22 → Jul 31
$22.5M raised
Zerion's gasless L2 shut down as Zerion refocuses on wallet and API.
Everclear
Cross-chain · @EverclearOrg
May 21
$28.8M raised
$500M monthly volume never became revenue; runway ran out before enterprise deals landed.
Syndicate
Infrastructure · @syndicateio
May 21
$27.8M raised
DAO tooling demand never came; pivots failed; private-key compromise in April.
Fantasy Top
Gaming · @fantasy_top_
May 20 → Jun 25
$4.25M raised
Speculative hype faded; card trading couldn't fund operations.
Ranger Finance
Perp DEX
May 14
$1.9M raised
Founder cited funding and treasury problems.
Legend
DeFi
May 13 → Jul 12
$15M raised
DeFi app and company wound down after two years; 60-day exit window.
Code4rena
Security · @code4rena
May 13
$6M raised
Competitive audit platform closing after five years.
Stream Finance
DeFi
May 11
$1.5M raised
Liquidating and distributing assets after its late-2025 collapse.
DL News
Media · @DLNewsInfo
May 7 → May 31
Part of DefiLlama
Never profitable; AI summaries cut search traffic and ad revenue.
Phi
Social
May 4 → May 25
$2M raised
Onchain identity project wound down after four years.
Carrot
DeFi · @DeFiCarrot
May 1
$600K raised
Shutting down after the Drift exploit damaged operations.
CharmVerse
DAO tooling · @charmverse
Apr 30
$3.8M raised
DAO workspace closed, no reason given.
Swellchain
Layer 2 · @swellnetworkio
Apr 28 → Jun 17
$3.75M raised
Swell L2 shut down to focus on Faro; Swell tokens on Ethereum unaffected.
Over Protocol
Layer 1 · @overprotocol
Apr 28
$8M raised
Wallets, nodes, RPCs and explorers discontinued; no plan to restore.
Luckio
Gaming
Apr 24
No public raise
Onchain casino closing; players told to withdraw.
Beets
DEX · @beethoven_x
Apr 17
No public raise
No public reason given.
Mint Blockchain
Layer 2 · @Mint_Blockchain
Apr 17
$5M raised
NFT-focused chain ceased operations.
Pixel Heroes Adventure
Gaming
Apr 17
No public raise
Entire team laid off for "unavoidable circumstances".
XOCIETY
Gaming
Apr 16
$7.5M raised
Live service and web3 operations halted; setup 'has not proven sustainable under current market conditions'.
77-Bit
Gaming
Apr 16
No public raise
Development paused, citing infrastructure issues.
Opulous
DeFi · @opulousapp
Apr 15 → Apr 30
$6.45M raised
Music-finance project shut down after the Messina bridge exploit.
Foundation
NFTs · @foundation
Apr 15 → Apr 27
$10M raised
NFT marketplace shut after a planned sale fell through.
Megaphone
Social · @megaphone_hq
Apr 12
$4.6M raised
No longer operating; campaign data handed to customers.
Seamless Protocol
Lending · @SeamlessFi
Apr 8 → Jul 1
No public raise
Base lending protocol; UI wound down, treasury distributed.
Intergaze
NFTs
Apr 3
Part of Initia ecosystem
Initia NFT rollup wound down; NFTs migrated to Stargaze.
Leap Wallet
Wallet · @leap_wallet
Apr 2 → May 28
$3.2M raised
Cosmos wallet shut all products incl. Compass and Swapfast.
Dmail
Social · @Dmailofficial
Apr 2
Amount undisclosed
Web3 email app couldn't sustain user engagement.
Magic Eden Wallet
Wallet · @MagicEden
Apr 1 → May 1
Part of Magic Eden
Wallet deprecated as Magic Eden refocused on Solana and iGaming.
Fey
Trading
Apr 1
No public raise
No public reason given.
UX Chain
Lending
Apr 1
$41.3M raised
Cosmos lending chain (formerly Umee); liquidation and chain wind-down.
Pixiland
Gaming
Apr 1
No public raise
No public reason given.
Yupp
AI
Mar 31 → Apr 15
$33M raised
1.3M users but no recurring revenue; growth relied on incentives.
MilkyWay
Liquid staking · @milky_way_zone
Mar 26
$6.3M raised
Returned assets to their home chains, then shut down its L1.
Tally
DAO tooling · @tallyxyz
Mar 17
$15.66M raised
No sustainable business model; cancelled its ICO.
Blockfills
Lending
Mar 16
$37M raised
Crypto lender froze withdrawals in February after the market crash, then filed for Chapter 11 with $100M-500M in liabilities.
Creed
Security
Mar 12
No public raise
Web3 security collective dissolved.
Genome Protocol
SocialFi
Mar 11
$600K raised
InfoFi sector collapsed after X restricted its API; token never launched.
Catalog
NFTs · @catalogworks
Mar 9
$2.2M raised
Onchain music marketplace closed and open-sourced.
DataHaven
Infrastructure
Mar 4
No public raise
Shut down immediately: couldn't find a sustainable path after looking for funding and partners; cancelled its token launch.
Angle Protocol
Stablecoin · @AngleProtocol
Mar 4 → Mar 1, 2027
$5.56M raised
DAO approved wind-down of EURA and USDA with a one-year redemption window.
Bit.com
Exchange
Mar 1
Part of Matrixport
Matrixport-owned derivatives exchange wound down; spot trading ended and assets migrated.
Genso Online
Gaming
Feb 26 → Apr 30
No public raise
Unsustainable finances: about JPY 10M monthly costs against JPY 2M revenue.
Colony
Launchpad · @Colonylab
Feb 26
$21.38M raised
Avalanche funding project closed after five years.
Step Finance
Portfolio tracker · @StepFinance_
Feb 24
$2.2M raised
January breach drained about $40M from the treasury; rescue funding and sale attempts failed.
Remora Markets
RWA · @RemoraMarkets
Feb 24 → Feb 23
Part of Step Finance
Tokenized-stock platform (owned by Step Finance) wound down after Step's treasury hack; USDC redemption for rTokens.
Parsec
Analytics · @parsec_finance
Feb 19
$5.25M raised
Onchain analytics platform closed after five years.
GOAT Gaming
Gaming
Feb 16 → Mar 2
$4M raised
Telegram games ended; GG token launch cancelled, Alpha Goat buyers refunded.
ZeroLend
Lending · @zerolendxyz
Feb 16
$3M raised
Multichain lending protocol winding down after three years.
Polynomial
Perp DEX · @PolynomialFi
Feb 13
$1.1M raised
Polynomial chain and trading platform shut down.
NGS
Gaming
Jan 28
No public raise
No public reason given.
Entropy
Custody
Jan 24
$26.95M raised
No product-market fit after several pivots; remaining capital returned to investors.
Nifty Gateway
NFTs · @niftygateway
Jan 23 → Apr 23
Part of Gemini
NFT market collapse; withdrawal-only mode, migration deadline Apr 23.
Slingshot
Wallet · @SlingshotCrypto
Jan 21 → Feb 28
$20.59M raised
Acquired by Magic Eden; standalone app retired.
Bloktopia
Gaming · @bloktopia
Jan 5
$4.89M raised
Metaverse and BLOKPAD launchpad closed; investors in final raise refunded.
Polygon zkEVM
Layer 2 · @0xPolygon
Jun 1, 2025 → Jul 1
Part of Polygon Labs
Sunset by Polygon Labs; losing over $1M a year. Users bridged to Ethereum.
Family Wallet
Wallet · @family
Date unknown → Apr 1, 2027
No public raise
Standalone iOS wallet retired; Family Accounts infrastructure kept.
NFTfi
NFTs · @nftfi
Date unknown → Aug 31
$11.89M raised
P2P NFT-backed lending closed after NFT volume collapse.
Oxium
DEX
Date unknown → Aug 1
No public raise
Sei order-book exchange closed.
Pingu Exchange
Perp DEX · @PinguExchange
Date unknown → Jul 31
No public raise
Arbitrum and Monad perps exchange wound down.
Corn Network
Layer 2 · @use_corn
Date unknown → Jun 30
$16.5M raised
Sequencer and bridge retired; team moved to a new product.
0xPPL
Social
Date unknown → Jun 30
Amount undisclosed
Onchain social and trading app closed after four years.
Rodeo
NFTs
Date unknown → Mar 10
Amount undisclosed
Social collecting platform shut down with an asset migration.
WebN Group
Incubator
Date unknown → Feb 25
No public raise
Digital-asset incubator closed.
Buck
Stablecoin
Date unknown
No public raise
Yield-bearing savings token closed; full return of funds.
Coinflare
Exchange
Date unknown
No public raise
Orderly wind-down; manual claims replace withdrawals.
Voodoo Trade
Perp DEX
Date unknown
No public raise
Base perp exchange wound down; LBP participants refunded.