Crypto Industry Undergoes Brutal Reshuffle Amid Liquidity Drying Up

The crypto industry is undergoing a significant reshuffle as liquidity dries up and cost pressures mount. Over 20 projects have announced shutdowns, transformations, or bankruptcies since Q1 2026.

Tally, a well-known governance platform that served over 500 DAOs including Uniswap, Arbitrum, and ENS, is ceasing operations. This move comes as the industry grapples with liquidity depletion and cost pressures, affecting DeFi, blockchain games, and NFTs.