Decentralized finance (DeFi) projects that managed to endure the 2022 collapses of Terra and FTX are now reportedly shutting down in 2026, according to CoinTelegraph. These platforms, which once represented resilience after major crypto failures, are succumbing to ongoing challenges within the sector.
The fallout from the Terra and FTX disasters in 2022 had already shaken confidence in crypto markets worldwide, with many DeFi projects either collapsing or struggling to stay afloat. The latest wave of closures highlights the difficulties these decentralized platforms face in maintaining long-term viability.
For Japanese investors, who have shown growing interest in DeFi alongside traditional FX and equities, this trend underscores the importance of cautious evaluation of crypto projects amid an evolving regulatory and market landscape.