More than 100 crypto projects have either shuttered, filed for bankruptcy or gone dark for good so far this year, CoinDesk reported Sunday (Aug. 9), citing numbers from RootData. 

The pace is quickening, the report added, with four major companies announcing closures or filings in the space of a week late last month: BitMEX, BitMart, Movement Labs and Storj Labs. The trend covers every part of the industry, CoinDesk added, from exchanges to wallets to NFT markets to layer-1 blockchains.

According to CoinDesk, this is happening as ethereum’s layer-2 ecosystem has been shrinking after a surge three years ago, when new technological advances made it…