Crypto is going through a massive dot-com style shakeout as over 100 projects fold in 2026

An industry-wide shakeout is weeding out unsustainable crypto startups, leaving behind only protocols with real cash flow and actual users. Over 100 projects have folded in 2026, reminiscent of the dot-com era. The purge is separating viable businesses from those lacking substance, with only the strongest surviving the market reality check.