Over the last 90 days, 21 crypto projects have shut down despite raising a combined $220M+ in funding.
Some of the notable names include:
🔹 Balancer Labs — $36M
🔹 Humanity Protocol — $30M
🔹 Syndicate Labs — $28M
🔹 Everclear — $26.8M
🔹 Seamless Protocol — $26M
🔹 Slingshot — $18.1M
🔹 Tally — $15.7M
🔹 Radiant Capital — $12.3M
🔹 Botanix — $11.5M
The list spans across DeFi, infrastructure, Layer 2s, wallets, governance tools, and analytics platforms.
What’s notable is that many of these projects were well-funded, had active communities, and were considered promising at one point.
📊 Total projects closed: 21
💰 Capital raised: 220M USDT+
⏳ Time period: 90 days
A reminder that in crypto, funding can accelerate growth, but it doesn’t guarantee long-term survival.
The market continues to reward products that can attract and retain users beyond incentives and market narratives.
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