The cryptocurrency industry is going through a significant shakeout, similar to the dot-com era, with over 100 projects folding in 2026. This is based on reporting from CoinDesk.
This industry-wide reckoning is weeding out unsustainable startups, leaving behind only the protocols with real cash flow and actual users. The crypto industry has seen significant growth and investment in recent years, but this shakeout is a sign of the market maturing and consolidating.