Over 100 crypto projects fold in 2026
The crypto industry is undergoing a significant shakeout, with over 100 projects shutting down or filing for bankruptcy in 2026.
This trend is attributed to the decline in altcoin prices, which have dropped 70% to 90%, and the loss of over $1.1 billion to exploits in the first half of the year.
The surviving projects are those that generate actual revenue, such as Aave and Ether.fi, which charge fees in stablecoins or cash.
The pace of closures is accelerating, with four major firms announcing shutdowns or filings in a single week in late July, including BitMEX and Storj Labs.