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Morning Edition · Monday, August 10, 2026Published at 1:51 AM EDT · New York
More Than 100 Crypto Projects Have Folded This Year, and Exchanges Are Clearing the Listings Behind Them
Kraken will liquidate 21 tokens after a 27 August withdrawal deadline, while listed shells keep issuing equity against no revenue.
CoinDesk counts more than 100 crypto projects shutting down in 2026, and what remains are the protocols with actual cash flow and users. The consolidation is visible in the market data. DeFiLlama puts total decentralized finance value locke…
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On-Chain Capital Concentrates
As total on-chain capital contracts, value keeps concentrating on the largest chains and the applications with live demand, squeezing long-tail protocols and forcing consolidation.
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