In the first half of 2026, over 30 DeFi projects have already shut down, from MilkyWay and ZeroLend to Fantasy Top, Botanix, AscendEX, Ctrl Wallet, and Zapper... And these are just the projects that publicly announced their closure. Countless others likely disappeared quietly without anyone noticing. The reasons are simple: hacking attacks, lack of funds, user attrition, or the absence of a viable business model to sustain them. The market is entering a true reshuffling phase. As capital becomes more selective, projects built purely on hype are being eliminated. In the end, the survivors will be those with real products, real users, and sustainable cash flow. #DeFi #Crypto #Web3