- The number of crypto projects and protocols that shut down this year reached 82, and the projects that closed had raised a combined $1 billion in funding.
- Ethereum layer-2 network Blast, Step Finance and Radiant Capital announced service shutdowns due to weakening profitability and security incidents.
- Investment in the crypto industry is becoming concentrated in a small number of projects, while mergers and acquisitions (M&A) rose to 87, up 65% from the previous year’s total, pointing to a clearer industry reshuffle.
Forecast Trend Report by Period
A prolonged slump in the crypto market and deteriorating profitability are prompting project shutdowns across…
