BlockBeats news, on April 17, 2026, a significant trend of project contraction and shutdown appeared in the crypto industry, 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 shut down its front-end interface and stop services by June 30; the privacy email system Dmail Network also announced it would gradually cease all operations starting from May 15, 2026.

In infrastructure and wallet and tool projects, several applications also entered the exit phase. The Cosmos ecosystem wallet Leap Wallet will cease operations on May 28 and require users to complete asset migration; the NFT-focused and zero Gas chain Intergaze will also complete asset clearance 14 days before the cross-chain shutdown. In addition, the on-chain data analysis tool Parsec officially ceased services and initiated a refund process after 5 years of operation, while the DeFi derivatives protocol Polynomial announced an orderly shutdown of its current business.

At the same time, some mature applications and ecological products have also entered a stage of strategic contraction and transformation. 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 will cease operations, and the news and media center SolanaFloor was subsequently acquired and restarted by the Jito Foundation. The lending protocol ZeroLend has lowered the majority of market LTVs to 0% and urged users to withdraw funds as soon as possible; the decentralized stablecoin protocol Angle Protocol announced that it will 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, analytical tools, and trading infrastructure.