Blast and Abstract are preparing to close, but some surviving rivals collect even less in transaction fees.

Abstract was supposed to prove a consumer-first blockchain could win without chasing DeFi liquidity. Less than two years after launch, that bet is ending.

Switchboard is shutting down just weeks after an oracle compromise cost two DeFi protocols hundreds of thousands of dollars.

CoinEx spent August talking about CET's long-term future, but its token began a 60% slide before users learned the exchange would close.

A crypto brokerage that raised $15 million is shutting down before establishing a broader public product.

Polygon CEO Marc Boiron says he wants employees to take breaks. He also says it "pains" him when they do.

Prediction markets see more tech layoffs ahead, while crypto has already recorded more companies cutting staff in 2026 than in any year since 2018.

NoOnes, once led by Paxful co-founder Ray Youssef, is shutting down after saying EU sanctions made the business unsustainable.

BounceBit is abandoning its blockchain after an attacker exploited a flaw strikingly similar to one its underlying Evmos stack patched in 2024.

A crypto startup backed by YouTube stars is closing after five years, saying its fan-token model never recovered and a last-ditch AI pivot failed.

Solana ID is shutting down eight months after its co-founder predicted the startup would become the infrastructure behind every targeted ad on Solana.

Established open-source crypto developers are falling from record highs as the industry's developer contraction deepens.

More crypto companies have cut staff in the first seven months of 2026 than during all of 2022 or 2023, an analysis by The Coinformer found.

POAP, which put more than 7 million event badges on blockchains, is winding down after its co-founder said crypto economics made the company unsustainable.

BitMart's BMX token plunged more than 60% roughly 38 hours before the exchange announced its wind-down.

BitMEX will shut down in September after a reported search for a buyer, the departure of three senior executives and a wave of market delistings.

Movement Labs chose Subchapter V, a faster and more debtor-friendly form of Chapter 11 that leaves management in control, prevents creditors from proposing a rival plan.

Anton Bukov says 1inch fired him eight months ago and removed him from its operations, although he remains a co-founder and 50% shareholder.

Polygon Labs says revenue is strong, stablecoin volume is setting records and its customer pipeline is booming. It's laying off staff anyway.

Nium acquired crypto startup Cypher to build a new crypto payments product, but the first thing users got was a shutdown notice.

DeFi portfolio tracker Zapper will shut down its website, mobile apps and API on Aug. 3.

Yield Guild Games is shutting down its casual crypto games publisher after the unit crossed $9 million in lifetime revenue but failed to survive the post-crash market.

Web3 gaming giant Immutable has cut game development roles, shifting toward AI marketing.

NFT Price Floor will shut down on June 30 after failing to secure funding, ending a years-long run for one of the NFT market's data trackers.

Certora layoffs surfaced after a web3 security researcher said the firm was cutting teams and letting researchers go.

Sherwood layoffs are raising questions about Robinhood's in-house media arm after the company cut 10% of staff.

Payward is cutting about 150 jobs in the latest Kraken layoffs as the crypto exchange's parent company streamlines the business ahead of a planned IPO.

The platform is restructuring around AI and institutional on-chain data, noting that it remains well capitalized.