Eighty-two digital asset projects and protocols shut down in 2026, spanning decentralized finance, blockchain infrastructure and Web3 gaming. Crypto researcher Stacy Muur compiled the list, published on X on Tuesday.

Prominent casualties include Blast, an Ethereum layer-2 network that announced shutdown earlier this month after holding over $2 billion in total value locked. The network cited no "credible path" to economic viability.

Other notable projects on Muur's list include Balancer, Radiant Capital, Neon EVM and Step Finance. Step Finance ceased operations in February following a major treasury exploit. Radiant Capital announced in June it would wind down after failing to recover from a 2024 security breach.

Coinbase-backed Satori Finance also ceased operations after revenues could no longer support operations.

DeFiLlama research published in August identified 100 crypto projects announcing shutdowns in 2026, with 40 occurring in the 90 days prior to the report. The analysis identified lack of product-market fit as the most common reason for closures. Other frequently cited factors included depleted funding, insufficient revenue and strategic pivots.

Collectively, the projects identified by DeFiLlama raised approximately $1 billion in funding but generated only $250 million in cumulative fees. Nine projects had individually raised more than $50 million, suggesting substantial financial backing offered limited assurance of survival.

Venture funding increased in the first half of 2026 compared to the previous year, but the number of individual deals fell 80 percent, according to DeFiLlama. Mergers and acquisitions totaled 87 transactions at the time of the August report, representing a 65 percent increase over the previous year and signaling consolidation within the crypto industry.