News
82 Crypto Projects Shut Down This Year
Coin Edition reported last week on a list of 82 crypto projects that had shut down this year. The list includes projects in decentralized finance (DeFi), gaming, wallets, and blockchain infrastructure such as Blast, Loopring, Polygon zkEVM, Radiant Capital, and Step Finance. Gordon Gekko, Alpha Metrics co-founder, predicted that many more projects will fail, stating that 99% of crypto projects may eventually shut down. The article highlights five key reasons for crypto project failures, including inability to attract and retain users, spending more than they earn, and security problems.