From BitMEX to BitMart and AscendEX to a dozen DeFi protocols, 2026’s crypto shakeout is closing platforms one at a time. It’s the same lesson FTX taught, at a slower pace and with less drama.

Crypto has lost more than 60 platforms this year, and most of it happened without much noise.

Between January and July, more than 60 exchanges, blockchains, wallets, DeFi protocols and other crypto projects shut down, filed for bankruptcy or began winding down, according to a Bitcoin.com analysis published on July 28.

The list covers eleven years of market history, from BitMEX, one of the most influential trading platforms crypto has produced, to blockchains that folded within a year or two of launching.

Nigeria ranked sixth in Chainalysis’s…