Blast, Blur, Step Finance, Radiant: Over 80 Crypto Projects Closed in 2026

Fundraising does not equal revenue. Crypto researcher Stacy Muur published on October 20 a compilation of 82 projects and protocols that closed in 2026. Decentralized finance, infrastructure, gaming, and digital wallets are included in this list. Behind the numbers, the situations vary: hacks, depleted treasuries, insufficient activity, or product abandonment. However, a common point emerges: attracting capital is not enough to build a sustainable service.

Key Points

• Stacy Muur lists 82 closures in a personal compilation, without claiming to cover the entire industry.
• The cited cases include Blast, Step Finance, Radiant Capital, and Polygon zkEVM.
• Economic difficulties and security incidents explain several shutdowns.
• The closure of a product does not necessarily mean the disappearance of its company or token.

From Blast to Step Finance, Closures with Different Causes

The list gathers projects with very different trajectories. Blast, a network built on Ethereum, had attracted over $2 billion in deposits. However, when announcing its shutdown in early October, its team explained that they no longer identified a credible path to economic viability. The amounts deposited by users alone do not constitute revenue sufficient to finance operations.

For Step Finance, the shock came from a hack of its treasury wallets at the end of January. The portfolio tracking platform on Solana then announced its shutdown in February after seeking funding or a buyer. The decision also affects its associated activities, including Remora Markets and SolanaFloor.

Radiant Capital also illustrates the prolonged consequences of a security incident. According to Cointelegraph, the protocol announced in June the gradual cessation of its activities, failing to recover from an attack suffered in 2024. Conversely, Satori Finance cited insufficient revenue to continue its operations.

These examples show multiple paths to closure. A cash flow loss can hasten the shutdown; low demand can also render a project unviable, even without a spectacular incident. The researcher has listed 82 projects that closed this year -- Source: Account X

<< Closed Project >>: A Count Covering Multiple Realities

The figure of 82 corresponds to the scope defined by Stacy Muur, not to an official tally. Her statement that she has never observed such a situation reflects her personal experience, without establishing a historical record measured with a consistent method.

The distinction between project, product, and company also matters. Polygon zkEVM, present in the list, stopped its main sequencer in early July. Polygon maintains an interface allowing users to claim the affected funds. This shutdown pertains to this specific network and does not mean the disappearance of all of Polygon.

Other counts use different criteria. A search by DeFiLlama, relayed by CCN, already recorded 100 shutdown announcements in August, including some strategic realignments. Therefore, the two lists cannot be added together or directly used to measure an acceleration.

For users, the concrete question goes beyond the number of names crossed off a table: is the service still functioning, is a team maintaining it, and are the funds still accessible?

This compilation primarily highlights the difference between launch and sustainability. A community, a tradable token, or significant fundraising do not replace regular users, sufficient revenue, or managed security. So be careful where you invest your funds.

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