POPA ReconProtocols Shut Down in 2026
Protocols Shut Down in 2026 Seven months into 2026, the graveyard counts 49 names - a project going dark roughly every four days. And these aren't zombie forks: BitMEX invented the perpetual swap, Loopring shipped Ethereum's first zk-rollup DEX, Nifty Gateway and Foundation defined the 2021 NFT boom. Category creators are dying with the categories they created. The causes boil down to three: hacks with no second chances (Step, ZeroLend, Radiant, SecondFi), fee compression as volume concentrates on a few dominant venues, and the death of the old fallback - when revenue ran dry, projects used…
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