By Nirup Ramalingam, CEO and Co-Founder of BridgePort

Since September 2025, over 100 crypto projects have closed their doors, including big names like BitMex, Balancer, Everclear, and ZeroLend. Exchanges, DeFi protocols, wallets, NFT marketplaces, and blockchains have all experienced their fair share of bankruptcy filings and shut downs. In 118 TGE launches in 2025, 100 landed below their valuation, the median token was down 71% from its launch value. Over 53% of all tokens launched since 2021 are now inactive, with 7.7 million failing in the fourth quarter of 2025. 

In a space that not long ago was skyrocketing in hype and value, this is an uncomfortably necessary development. For years, the crypto industry…