The crypto industry is undergoing an "Internet bubble-style" clearing, with over 100 projects already shut down in 2026.
Source：
www.coindesk.com
According to CoinDesk, as altcoin prices generally fell by 70% to 90% and project fund reserves shrank significantly, the crypto industry is undergoing a concentrated clearance similar to that after the internet bubble burst. RootData data shows that in 2026, more than 100 crypto projects have closed, filed for bankruptcy, or ceased operations, covering multiple fields including exchanges, wallets, decentralized finance lending protocols, non-fungible token markets, and public chains.
