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Over 60 crypto projects have already shut down in 2026
Since the beginning of the year, more than 60 crypto protocols have announced they are ceasing operations. And the list is growing.
10 of them raised more than $10 million in investments.
The top 3 closed projects by funding volume were backed by a16z:
Yupp — $33 million
Syndicate — $27.8 million
Entropy — $26.95 million
Conclusion? Big funds and large rounds do not guarantee a project's survival.