2026年至今超100个加密项目关停,行业进入大规模整合阶段

Odaily讯 2026 年至今已有超过 100 个加密项目关闭、申请破产或永久停止运营,且退出速度正在加快。仅 7 月下旬一周内,BitMEX、BitMart、Movement Labs 和 Storj Labs 就宣布关闭或提交相关申请。退出项目覆盖交易平台、钱包、DeFi 借贷协议、NFT 市场及 L1 区块链。波卡平行链 Moonbeam 于 7 月 31 日永久停止运行,未及时桥接资产的用户资金被滞留。

以太坊通用型 L2 数量曾于 2023 年快速增长,但随着部署链门槛降低,市场逐渐拥挤,且部分项目缺乏差异化。大量项目存在使用量但缺乏传统意义上的收入,部分团队使用自身代币支付工程师费用、补贴流动性并承担安全审计费用。近期多数山寨币下跌 70%至 90%,令以代币计价的资金储备和运营周期估算失效。

DAO 治理工具平台 Tally 曾服务超过 500 个协议、处理逾 10 亿美元付款并协助保护最高 800 亿美元链上价值,但仍因治理工具缺乏可持续商业模式而关闭。

安全事件进一步加快项目退出。Blockaid 估计,2026 年上半年链上攻击损失达 11 亿美元,超过 2025 年全年;其中 Kelp DAO 和 Drift Protocol 两起事件分别损失 2.93 亿美元和 2.85 亿美元。TRM Labs 估计,朝鲜相关攻击者占同期加密攻击总损失的 66%。

能够在熊市中继续增长的项目普遍依靠美元收入,而非自身代币。Hyperliquid 于 6 月 30 日累计手续费突破 10 亿美元,目前占去中心化永续合约市场 70%;Aave 截至 7 月持有超过 120 亿美元存款,年化借款手续费超过 1 亿美元。

ARK Invest 研究总监 Lorenzo Valente 表示,加密行业正在经历历史上规模最大的整合,资本变得更加挑剔,缺乏实际产品市场契合度的团队和交易平台正在关闭。(CoinDesk)

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Kalshi Plans to List Perpetual Securities Futures Anchored to U.S. Stocks and ETF Spot
Odaily News: Kalshi has submitted a proposed rule change to the U.S. Securities and Exchange Commission, proposing to add Chapter 14 to its rulebook in order to list perpetual securities futures products with no fixed expiration date. These contracts anchor their prices near the spot price of the underlying U.S. stock or ETF through periodic funding rates between long and short parties, and are planned to be cleared by its clearing platform Kalshi Klear.The underlying assets must meet conditions including deliverable supply exceeding 20 million shares, a market capitalization of at least $100 billion, and an average daily trading volume of at least $450 million over the past 6 months, with most contract units being 100 shares.
Trump's latest financial disclosure shows his accounts purchased Strategy stock twice in July, with the largest single purchase at $100,000
According to a periodic transaction report recently released by the U.S. Office of Government Ethics (OGE), accounts held in U.S. President Trump's name purchased Strategy (MSTR) stock twice, on July 24 and July 27, with transaction amounts of $1,001 to $15,000 and $50,001 to $100,000, respectively. In addition, the accounts sold MSTR worth $1,001 to $15,000 on July 8. Reports note that MSTR's stock price has risen approximately 83% since July 24.The White House previously stated that the relevant stock and bond assets are traded through a discretionary account managed by a third-party institution and are not directly operated by Trump himself; since Trump is the beneficiary of the accounts, the relevant transactions are still disclosed in his name. (Bitcoin Treasuries)
Hyperliquid LIT's largest short is still "holding firm" on its short position, with unrealized losses exceeding $10 million
Odaily News: According to Hyperbot data, as LIT broke through $5.3 to set a new all-time high, the largest LIT short position on Hyperliquid — a 3x leveraged LIT short that has been "holding firm" — has seen its unrealized losses further widen. The position still holds 2.528 million LIT, with unrealized losses reaching $10.118 million.In addition, the whale also holds short positions in AVAX, ETH, SOL, and HYPE, with the overall position value amounting to approximately $14.634 million, and a return on investment of approximately negative 139.6%.
BTC falls below 86,000 USDT, down 0.33% in 24H
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A whale heavily invested in $4.5 million worth of Robinhood Meme and DeFi leaders has liquidated PONS, incurring a loss of approximately $200,000
Odaily News: According to on-chain analyst Aunt Ai's monitoring, a certain whale sold 5.338 million PONS at an average price of $0.6779, worth $3.67 million, driving the PONS price down 4% from $0.6968 to $0.6688. PONS was previously the largest on-chain asset of this address, with an entry price of approximately $0.7154. This sale resulted in a loss of about $200,000.
Former Hack VC partner Hsin-Ju found dead in California at age 37
Odaily News: Crypto industry figure Jordy posted on X platform that former Hack VC partner Hsin-Ju Chuang has been found dead, and expressed condolences. According to a screenshot of a report shared by Jordy, 37-year-old Hsin-Ju Chuang resided in North Las Vegas and was found dead last month near a remote exit off Interstate 15 in the Mojave Desert. Investigators have not yet determined the cause of death.Hsin-Ju previously claimed that she was required to continue working during a medical emergency and was threatened with being blacklisted from the industry if she left before an event was completed. She rejected Hack VC's settlement offer and had planned to publicly release evidence related to her tenure on August 26. Hack VC stated that it has noticed the relevant content, is concerned about Hsin-Ju's health condition, but said that its understanding of the events differs significantly from what Hsin-Ju published, and that it would not publicly discuss details out of privacy considerations.
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