Recently, every day, crypto projects have announced that they are stopping operations.

I compiled the projects that have announced shutdowns, transitions, or bankruptcies from 2026 to now.
The table only includes 27 projects that most people are more familiar with—projects that once had hype and had capital backing.
Otherwise, there’s no way this graphic could fit.
A lot of the projects inside have been funded by a16z, Coinbase, Polychain, and YZi Labs.
To be honest, some projects’ demise was entirely their own doing, while others are truly regrettable.
The facts prove that:
Funding size, endorsements from star VCs, and early market hype cannot guarantee a project’s long-term survival.
When liquidity ebbed away, the market finally started to reassess:
Which projects actually have real demand, and which ones were just stories from the bull market.