Just yesterday, the well-known governance platform Tally, which served over 500 DAOs including Uniswap, Arbitrum, and ENS, officially announced its cessation of operations.
Since Q1 2026, over 20 projects have announced shutdowns/transformations/bankruptcies. With liquidity depletion + cost pressures + narrative shifts, the industry is undergoing a brutal reshuffle, with DeFi, chain games, and NFTs being the hardest hit!
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