# 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.

- Published: 2026-08-10T05:51:49.058Z
- Canonical: https://polylog.news/crypto/2026-08-10/more-than-100-crypto-projects-have-folded-this-year-and-exch
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/business/2026/08/09/crypto-is-going-through-a-massive-dot-com-style-shakeout-as-over-100-projects-fold-in-2026), [CryptoSlate (Kraken delistings)](https://cryptoslate.com/crypto-holders-face-an-aug-27-deadline-to-save-21-tokens-before-kraken-liquidates-them-into-thin-order-books/), [CryptoSlate (MGT)](https://cryptoslate.com/with-0-in-revenue-and-35-idle-machines-in-storage-an-inactive-bitcoin-miner-printed-1-65-billion-shares-to-stay-alive/), [CryptoSlate (AI crypto treasury)](https://cryptoslate.com/a-pre-revenue-ai-crypto-startup-funneled-12-million-into-ev-as-bad-crypto-trades-erased-97-of-cash-in-six-months/)

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…

This story is for subscribers. Read it in full at https://polylog.news/crypto/2026-08-10/more-than-100-crypto-projects-have-folded-this-year-and-exch (subscription information: https://polylog.news/pricing).