BlockBeats reports that on April 17, 2026, a significant trend of project contraction and shutdown emerged in the cryptocurrency industry, with several infrastructure, public chain, and application layer projects announcing their cessation of operations or entering liquidation processes. Today, Mint Blockchain announced a complete cessation of operations, and users must complete asset withdrawals by October 20. The Base ecological lending protocol Seamless previously announced that it would close its front-end interface and stop services on June 30; the privacy email system Dmail Network also announced that it would gradually stop all operations starting from May 15, 2026.

In infrastructure and wallet and tool projects, multiple applications have also entered the exit phase. The Cosmos ecological wallet Leap Wallet will cease operations on May 28 and requires users to complete asset migration; the NFT-focused and zero Gas chain Intergaze will also complete asset clearance 14 days before its cross-chain closure. In addition, the on-chain data analysis tool Parsec officially stopped services after 5 years of operation and initiated the refund process, 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 the 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 entirely, with the news and media center SolanaFloor 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 has announced that it will stop operations in March 2027 and transform into the DeFi incentive platform Merkl.

Overall, during this round of cryptocurrency decline, the wave of project exits covers multiple tracks including public chain networks, lending protocols, NFT markets, wallets, analytical tools, and trading infrastructure.