industry shakeout

RootData

2026-08-14 14:24:05

RootData says crypto projects are shrinking in net terms as more than 200 stop posting each month

RootData has laid out the methodology behind its 2026 roundup of dead crypto projects, arguing that project shutdowns should be judged by verifiable operating signals rather than rumor. The data provider said it classifies a project as dead or no longer operating if the team publicly announces a shutdown or bankruptcy, if its website and social channels go silent for more than six months, or if both its website and social accounts become inaccessible or are closed. Most cases fall into the second category. So far, RootData has counted 124 dead projects in 2026, versus more than 400 in both 2024 and 2025. It said the lower tally this year is largely a timing issue because many projects that stopped updating between February and June have not yet crossed the six-month threshold. Looking across its broader database, RootData said around 12,000 projects still have active, non-deleted X accounts, but only about 2,200 were still posting in August, rising to roughly 3,400 when measured across June through August. At the same time, more than 200 projects have stopped posting each month this year, while only 70 to 100 new projects have been added monthly. RootData said that gap points to a net decline in active crypto projects since mid-2025. It also said newly listed projects are shifting away from infrastructure and toward application and distribution categories such as prediction markets, tokenized stocks, perpetuals, AI agents and memecoins.

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RootData

2026-06-30 03:31:20

Crypto Industry Closures Reach 70 in 2026: Loopring, Goldfinch, and Others Shut Down

According to Web3 asset data platform RootData, the list of closed crypto projects has reached 70 in 2026 and is still growing. The latest additions include notable protocols across multiple tracks: Loopring (Layer 2), UX (lending blockchain), Everclear (cross-chain settlement), Goldfinch (decentralized credit), Botanix (Bitcoin Layer 2), NFTfi (peer-to-peer NFT lending), and DL News (media). This article analyzes the reasons behind the wave of closures, including prolonged crypto winter capital crunch, stricter regulatory pressures, and intensified competition. It also discusses the implications for investors and the long-term health of the ecosystem.

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Bitcoin Minin

2026-06-28 19:01:01

BIT Research: The 2028 Halving Is Not the End – Bitcoin Mining's Real Shakeout Begins

Bitcoin mining is undergoing a complex structural adjustment. At a BTC price of ~$61,000 and hashrate near 1 ZH/s, miners' profitability is deteriorating. Theoretical daily revenue stands at ~$78M, but actual revenue is only ~$33M — a 136% gap. Fee income averages just $220K/day, far below the historical implied ~$9.7M. On the cost side, total miner revenue in 2025 was ~$17.2B, with electricity costs alone at ~$12.3B (71.5% of revenue). The industry's breakeven price is ~$65,000, meaning mining alone is barely profitable. The 2028 halving will push production costs to ~$93,289, accelerating consolidation toward large, diversified operators with low-cost power and AI/HPC hosting capabilities.

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Bitcoin Minin

2026-06-27 08:31:44

BIT Research: The 2028 Halving Is Not the End; Real Shakeout in Bitcoin Mining Has Just Begun

Bitcoin mining faces dual pressures of deteriorating profitability and imbalanced revenue structures. At current prices, miners' actual earnings are far below theoretical levels, with electricity costs pushing the breakeven price to $65,000. The 2028 halving will accelerate industry consolidation, forcing miners to pivot from pure mining to infrastructure services such as energy management and AI/HPC compute hosting. Business model upgrades are becoming the key competitive factor.

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