Two crypto projects, a16z-backed layer-1 network Linera and permissionless oracle protocol Switchboard, announced closures a day apart.

The shutdowns land in a year that has already buried more than 260 crypto projects, according to the tracker RootData, which is still adding names to its 2026 list.

Linera Ran Out of Road Before Mainnet

Linera told its community on September 18 that it had ceased operations immediately and for the foreseeable future. A sale on the Sonar platform attracted close to $900,000 in commitments, below the $1.5 million USDC minimum target. Thus, the team refunded every contribution.

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