Crypto apps are shutting down as billions move into Bitcoin ETFs and stablecoins

More than 80 crypto projects formally shuttered or began winding down in the first quarter of this year. RootData’s “dead-project” archive, which tracks closures, bankruptcies, and chronic project inactivity, logged 86 casualties as of March 20. The pullback has spared almost no corner of the ecosystem, sweeping across digital wallets, NFT marketplaces, decentralized finance (DeFi) [ ]