82 Crypto Projects Shut Down in 2026, Including Blast and Radiant Capital
- —Blast closed with no hack or regulatory action as $2B in deposits failed to generate durable fees
- —Radiant Capital and Step Finance shut down after 2024 exploits and treasury breaches
- —Crypto VC funding rose in dollar terms in H1 2026 even as deal count fell 80%
- —Crypto M&A reached 87 deals by August, up 65% year over year
Why it matters: The closures signal that crypto capital is shifting from experimentation toward projects with revenue and licenses.
Source: Blockhead