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Is crypto dead yet? Project shutdowns peaked this April but the latest 2026 data hides a scarier trend

What happened

New tracker logs 109 records of crypto project shutdowns, wind-downs, and inactivity as banks build controlled blockchain rails. A CryptoSlate-built tracker has identified at least 109 crypto project shutdowns, wind-downs, or inactivity in 2026 as of Aug. 5. DeFi accounted for.

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