Over 25 protocols have shut down this year.
These protocols span across DeFi, wallets, NFT marketplaces, exchanges, gaming, infrastructure, and DAO governance tools.
This is the full list of these protocols ๐
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โข DeFi
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@milky_way_zone is a Cosmos liquid staking protocol. Shut down due to financial pressure and low market demand.
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@PolynomialFi is an L2 derivatives trading protocol. Closed after prolonged product viability and liquidity failures.
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@zerolendxyz is a lending platform. It shut down after a 98% TVL collapse and full ecosystem deterioration.
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@SlingshotCrypto is a DEX aggregator. Wound down despite raising $18.1M from top-tier VCs.
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@AngleProtocol is a stablecoin protocol (EURA, USDA). Shut by community vote after years of declining interest.
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@Balancer is an automated market maker and DEX. it is shutting down and transitioning to a DAO model, this is due to legal exposure from past exploits.
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@DeFiCarrot is a solana yield protocol that collapsed Apr 30 as collateral damage from the $285M Drift Protocol exploit
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โข Wallet
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@StepFinance_ is a solana portfolio dashboard. Shut after a $40M hack drained treasury and fee wallets.
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@echooo_wallet is a wallet for AI agents and smart contracts. Went inactive with no public statement.
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@MagicEden wallet shut down as platform pivoted to Solana-only and prediction markets.
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@leap_wallet is a cosmos multichain wallet. Chose full shutdown over any product pivot; closed May 28.
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@BloctoApp also shut down due to reduced user base and exhausted runway.
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โข NFT
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@niftygateway is a Gemini-owned NFT marketplace. Closed as Gemini shifted focus entirely to its super app.
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@fantasy_top_ is an NFT fantasy trading card game. its core mode sunsetting mid-June after losing users and traction.
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โข GameFi
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@bloktopia closed after market, product and community failed to converge.
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@pixilandsocial is a Ronin-based Web3 game. Paused all Web3 features indefinitely and are planning an handover.
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@RuniverseGame is a fantasy MMORPG on-chain. Taken offline after team could no longer fund game operations.
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โข Infrastructure
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@parsec_finance is an onchain analytics and market data terminal. Shut after 5 years with no public reason given.
> @DataHaven_xyz is a storage for AI agents. Closed after exhausting all funding and partnership options.
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@Dmailofficial is an AI-powered decentralized email platform. Failed to build a viable business model amid high costs.
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@overprotocol is an L1. Sunset Apr 28; discontinued wallet, node services and APIs due to financial strain.
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@feyprotocol is an analytics and portfolio tool. Shut amid low traction and inability to secure further funding.
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@intergaze_xyz is an infrastructure project. Confirmed among Q1 2026 closures with no detailed public statement.
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@phi_xyz is an onchain identity and social protocol. Announced shutdown due to product failed to sustain user growth.
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โข DAO
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@tallyxyz is a governance platform for 500 DAOs including Uniswap and Arbitrum. Shut with no sustainable model.
We are in trying times and I hope we don't see more of these shutdowns. Your thoughts?