According to FinanceFeeds, citing RootData data, approximately 70 crypto projects closed, filed for bankruptcy, announced cessation of operations, or were classified as inactive in the first half of 2026, covering multiple areas including DeFi, NFTs, blockchain games, Layer 2, wallets, infrastructure, and DAO tools. The report noted that this statistic does not equate to 70 formal bankruptcies, but rather includes voluntary shutdowns, bankruptcies, and long-term inactive projects. FinanceFeeds believes that current crypto funding is flowing more toward BTC, large-cap assets, ETFs, and regulated infrastructure, making it difficult for small projects to sustain themselves solely on narratives, token incentives, user growth, or fundraising history. Sustainable revenue and product-market fit are becoming key to project survival.