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85 Crypto Projects Shut Down in 2026, Up 37.1% Year Over Year
As of October 31, 2026, 85 crypto projects, networks, and protocols had shut down, above the 78 closures in all of 2025. The 2026 total was 37.1% higher than the same period last year, when 62 shut down.
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What happened
As of October 31, 2026, 85 crypto projects, networks, and protocols had shut down, above the 78 closures in all of 2025. The 2026 total was 37.1% higher than the same period last year, when 62 shut down.
Confirmed
Global impact / market context
More closures mean fewer teams and services remain in crypto, so users and investors face less choice and higher risk of losing access to a project. Projects that cite costs above revenue, or a security incident, suggest weak finances can end operations quickly.
Analyst inference
The data shows closures rising each year, from 34 in early 2024 to 62 in early 2025 and 85 by October 2026. Most projects gave no reason, so investors cannot easily tell whether cost pressure, security problems, or weak demand drove the shutdowns.
Analyst inference
What to watch
- Track the count of 2026 shutdowns through December 31, since the 85 figure covers only January to October and could rise further before the year ends. Confirmed
- Watch whether more projects disclose reasons like maintenance costs exceeding network revenue, as Blast did, which would show that operating costs are outpacing income for some teams. Analyst inference
- Investors could check whether a project announces a closure date in advance, since 24 of these projects gave notice averaging 31.2 days, allowing users time to withdraw funds. Proposed