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Crypto data platform RootData said a total of 368 cryptocurrency projects have shut down this year, up by 244 from August. Of those, 85 projects, or 23.1%, directly announced their shutdowns, while RootData classified the remaining 283, or 76.9%, based on its own analysis of their operating status.
The list includes BLAST, Abstract, Balancer (BAL), Goldfinch, CoinEx and BitMEX. Among them, 37 projects had previously raised more than $10 million, while 94 had secured more than $1 million in funding. By sector, DeFi accounted for the largest share at 110 projects, or 29.9%, followed by infrastructure at 64, or 17.4%, and AI at 27. Within infrastructure, there were 13 layer-one and 13 layer-two projects.