On April 17, 2026, a noticeable trend of project contraction and shutdown emerged in the crypto industry, with multiple infrastructure, public chain, and application layer projects announcing the cessation of operations or entering liquidation processes. Today, Mint Blockchain announced a complete halt to operations, requiring users to withdraw assets by October 20. The Base ecosystem lending protocol Seamless previously announced it would close its front-end interface and cease services by June 30; the privacy email system Dmail Network also announced a gradual cessation of all business starting May 15, 2026. Among infrastructure and wallet/tool projects, several applications have also entered the exit phase. The Cosmos ecosystem wallet Leap Wallet will cease operations on May 28 and has requested users to complete asset migration; Intergaze, focused on NFTs and zero Gas chains, will complete asset liquidation 14 days before its cross-chain shutdown. Additionally, the on-chain data analysis tool Parsec officially ceased operations after five years and initiated a refund process, while the DeFi derivatives protocol Polynomial announced an orderly shutdown of its current business. Meanwhile, some mature applications and ecosystem products have also entered strategic contraction and transformation phases. Magic Eden will close its Bitcoin and EVM markets and stop supporting multi-chain wallets; affected by a hacker attack, Step Finance announced that its SolanaFloor and Remora Markets would fully cease operations, with SolanaFloor later acquired and relaunched by the Jito Foundation. The lending protocol ZeroLend has reduced most market LTVs to 0% and urged users to withdraw as soon as possible; the decentralized stablecoin protocol Angle Protocol announced it will cease operations in March 2027 and transform into the DeFi incentive platform Merkl. Overall, this wave of project exits during the current cryptocurrency downturn spans multiple sectors, including public chain networks, lending protocols, NFT markets, wallets, analysis tools, and trading infrastructure.