Mars Finance reports that on April 17, 2026, the cryptocurrency industry is experiencing a significant trend of project contraction and shutdowns, with multiple infrastructure, public chain, and application layer projects announcing the cessation of operations or entering liquidation processes. Today, Mint Blockchain announced a complete halt of operations, and users must complete asset withdrawals by October 20. The Base ecosystem lending protocol Seamless previously announced it would close its front-end interface and cease services on June 30; the privacy email system Dmail Network also announced it would gradually stop all operations starting May 15, 2026. Among infrastructure, wallets, and tools, several applications have also entered the exit phase. The Cosmos ecosystem wallet Leap Wallet will stop operations on May 28 and require users to complete asset migration; the Intergaze, focused on NFTs and zero Gas chains, will also complete asset clearance 14 days before shutting down cross-chain. Additionally, the on-chain data analysis tool Parsec officially ceased services after 5 years of operation and initiated a refund process, while the DeFi derivatives protocol Polynomial announced an orderly shutdown of its current business. At the same time, some mature applications and ecosystem products have also entered strategic contraction and transformation phases. Magic Eden will close its Bitcoin and EVM markets and stop multi-chain wallet support; affected by a hacker attack, Step Finance announced that its SolanaFloor and Remora Markets would completely stop operations, with the news and media center SolanaFloor later acquired and restarted by the Jito Foundation. The lending protocol ZeroLend has reduced most market LTVs to 0% and urged users to withdraw funds as soon as possible; the decentralized stablecoin protocol Angle Protocol announced that it would cease operations in March 2027 and transform into the DeFi incentive platform Merkl. Overall, during this round of cryptocurrency downturn, the project exit wave covers multiple sectors including public chain networks, lending protocols, NFT markets, wallets, analysis tools, and trading infrastructure.