DeFi Protocol Graveyard: 82 Shutdowns YTD in 2026
A compiled list shows 82 DeFi protocols have shut down so far in 2026, a pace observers describe as unprecedented, alongside rising criticism of token launches as thinly veiled scams.
What we know
An account on X amplified another account on X's list of 82 protocol shutdowns year-to-date in 2026, with the original poster noting they've "never seen anything like this before." Separately, another account on X boosted another account on X's pointed critique that crypto has invented cute language ('degening', 'devving') to normalize what is, in many cases, outright scamming. Another account on X echoed the theme from a trading angle: "some memes are cheap for a reason. others are cheap because nobody cares right now. learn the difference."
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.