Six crypto and Web3 projects shut down in a week, including Blast and CoinEx Smart Chain
- —Blast raised $20 million from Paradigm and Standard Crypto but TVL slid to $32 million
- —Router Protocol will burn 303.3 million ROUTE, roughly 30% of max supply
- —CoinEx Smart Chain and OneSwap closed on September 29; withdrawals run until December 22, 2026
- —Shipyard ended IPFS work after Protocol Labs declined to renew funding
Why it matters: The closures hit L2s and infrastructure: users must move assets before deadlines, and the market faces further consolidation among weak projects.
Source: Uzmancoin