Just yesterday, Tally, a well-known governance platform that served more than 500 DAOs including Uniswap, Arbitrum, and ENS, officially announced that it was ceasing operations.
Since Q1 2026, more than 20 projects have announced shutdowns, transformations, or bankruptcies. Liquidity depletion, cost pressures, and a shift in narrative are causing a brutal reshuffling of the industry, with DeFi, blockchain games, and NFTs being the hardest hit.
