BlockBeats News, April 17, 2026. A significant project contraction and shutdown trend has emerged in the 2026 crypto industry, with multiple infrastructure, public chain, and application layer projects announcing their closure or entry into liquidation processes. Today, Mint Blockchain announced a complete cessation of operations, and users are required to complete asset withdrawals by October 20. The Base ecosystem lending protocol Seamless previously announced the closure of its front-end interface on June 30 and the discontinuation of services; the privacy email system Dmail Network also announced a gradual cessation of all operations starting on May 15, 2026.

Within infrastructure, wallets, and tooling projects, several applications have also entered the exit phase. The Cosmos ecosystem wallet Leap Wallet will cease operations on May 28 and require users to complete asset migration; Intergaze, focusing on NFTs and a zero Gas chain, will also complete asset liquidation 14 days before the cross-chain closure. Additionally, the on-chain data analytics tool Parsec has officially ceased operations after 5 years of activity and initiated a refund process, while the DeFi derivatives protocol Polynomial announced the orderly shutdown of its current operations.

Simultaneously, some mature applications and ecosystem products have entered a phase of strategic contraction and transformation. Magic Eden will close its Bitcoin and EVM markets and cease support for multi-chain wallets; following a hack, Step Finance announced that its SolanaFloor and Remora Markets will cease all operations, with the news and media center SolanaFloor later acquired and relaunched by the Jito Foundation. The lending protocol ZeroLend has reduced the LTV ratio to 0% for most markets and urged users to withdraw funds promptly; the decentralized stablecoin protocol Angle Protocol announced it will cease operations in March 2027 and transition into the DeFi incentive platform Merkl.

Overall, during this cryptocurrency downturn, the project exodus has covered various tracks such as public chain networks, lending protocols, the NFT market, wallets, analytics tools, and trading infrastructure.