From BigGo Finance · BigGo Finance · · 1m 20s
82 Crypto Projects Shut Down in 2026
Bitcoin's slump forced 82 crypto projects to close in 2026 as DeFi infrastructure collapsed.
In brief
Bitcoin's slump forced 82 crypto projects to close in 2026 as DeFi infrastructure collapsed. Bitcoin's drop below $60,000 caused 82 crypto projects to shut down in 2026, with many failing to secure revenue models. Originally reported by BigGo Finance.
Crypto Project Shutdowns
Eighty-two crypto projects have shut down so far in 2026, according to a tally by crypto researcher Stacy Muur.
Bitcoin Price Drop
Bitcoin's fall from an all-time high above $126,000 last October to below $60,000 this year has squeezed the finances of DeFi and blockchain infrastructure projects.
Blast Closure
Blast, which once held more than $2 billion in deposits, announced its closure after failing to find a revenue model.
Security Incidents
Step Finance halted operations after a large-scale fund theft in February, while Radiant Capital announced it would wind down in June without recovering from a hack in 2024.
DeFiLlama Survey
An August survey by DeFiLlama identified 100 crypto projects that announced closures this year, with 40 shutting within 90 days.
Fundraising Failures
The closed projects raised a combined $1 billion but generated only $250 million in cumulative fee revenue.
Industry Restructuring
Venture funding deals fell 80% while M&A activity rose 65%, signaling industry-wide restructuring.
The key point
Bitcoin's drop below $60,000 caused 82 crypto projects to shut down in 2026, with many failing to secure revenue models.
