Crypto Sector Facing Massive Closures

Over the past two weeks, at least five major crypto projects have announced their cessation or a significant reduction in their activities. Paul Razvan Berg, founder of Sablier, declared the end of his project, which did not survive the current market conditions. Zapper, a DeFi platform, also confirmed its closure after nearly seven years, with a definitive halt of all its services scheduled for August 3. Yield Guild Games announced the closure of its YGG Play branch, citing unfavorable macroeconomic conditions. In the Cosmos ecosystem, Moonbeam will shut down on July 31, while Quicksilver has also confirmed its closure. The ATOM token has lost over 21% in thirty days, reflecting the growing disinterest in this ecosystem. The market is depressed, with Bitcoin around $62,500, down more than 50% from its peak in October 2025, and Ether at $1,781. Projects relying on external funding are struggling, facing high fixed costs and declining revenues.

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