RootData says 70 crypto projects have shut down so far in 2026

The Web3 asset data platform said the list is still growing, with recent additions spanning Layer 2, lending, cross-chain settlement and decentralized credit.

Summary

Seventy crypto projects have announced closures so far in 2026, according to Web3 asset data platform RootData, which said the tally is still rising. The latest additions to its list span several segments of the market, including Layer 2 protocol (network built on top of a base chain) Loopring, lending blockchain UX, cross-chain settlement layer (infrastructure for transfers across blockchains) Everclear, and decentralized credit protocol (on-chain borrowing and lending system) Goldfinch.

Terms & Concepts
  • Layer 2 protocol: A network built on top of another blockchain to improve speed or lower costs.
  • Cross-chain settlement layer: Infrastructure that helps move and settle assets across different blockchains.
  • Decentralized credit protocol: A blockchain-based system for lending and borrowing without traditional intermediaries.