Crypto may be entering a survival phase.
More than 100 projects have reportedly shut down or announced closures in 2026.
But the bigger story isn’t the number. It’s what the market is starting to reward.
Easy liquidity can keep weak projects alive. Tighter funding exposes which ones have real fundamentals.
Real users, sustainable revenue, strong security, and useful products are becoming a stronger moat.
The next cycle may have fewer projects — but stronger ones.
What matters more now: innovation or sustainable revenue?
#Crypto #DeFi #blockchain $BTC