120 Cryptocurrency Projects Failed in 2023: Here is the List of Failures
As we enter 2024, the cryptocurrency market is saying goodbye to a number of projects that could not withstand the challenges of 2023. These initiatives met their demise due to market closures, bankruptcies, and prolonged inactivity. The combined funding for these failed projects amounted to an astonishing US$940 million.
The projects that failed covered a range of industries, from lending and decentralized finance (DeFi) to non-fungible tokens (NFTs), gaming, and more.
Here is a list of some cryptocurrency projects that died in 2023:
1. BonqDAO
2. OIN Finance
3. windvane
4. Yeti Finance
5. AQUA
6. DIGITAL Biomes
7. Dot Finance
8. PolkaWorld
9. Many Exchanges
10. cabital
11. MinervaMINE
12. MetaPoint
13. SappChatAPP
14. bastion
15. Pax.world
16. Themis
17. The Parallel
18. Ankex
19. Tomb Chain
20. Txbit
21. seismo
22. Magneto
23. Bytom
24. quotal
25. BKEX
26. bittrex
27. DeZy
28. gomu
29. CNHC Group
30. HYPO
31. GRO Protocol
32. linen
33. xToken
34. Stelo
35. AnimalGo
36. return
37. synthesize
38. versum
39. Async Art
40. SkyLaunch
41. housecat
42. LBRY
43. Superdao
44. xeenon
45. ascenders
46. Grim Finance
47. Boring Protocol
48. Nitro Network
49. Yield Protocol
50. Slashauth
51. Fuji Finance
52. cardinal
53. multichain
54. clockwork
55. Outlet Finance
56. Voice
57. Glass Protocol
58. Naetion
59. Interable Protocol
60. RioDeFi
61. meland.ai
62. Arenum
63. Agility
64. 1Left
65. BlueBenx
66. BNPL Share
67. Kaco Finance
68. TaleCraft
69. Starbots
70. hotbit
71. RECUR
72. Warp Finance
73. Prime Trust
74. GEN.ART
75. Hundred Finance
76. Saddle Finance
77. autofarm
78. Nifty’s
79. DeHorizon
80. CoinLoan
81. HashLand
82. Kannagi Finance
83. SolChicks
84. Zircon Finance
85. ARX
86. Phezzan Protocol
87. Enchanter Finance
88. EZ Finance
89. Geist Finance
90. Algofi
91. tonic
92. Pillow
93. Wyre
94. paprMEME
95. swap.net
96. nomics
97. UPFI Network
98. Earnity
99. Pizza
100. Hopex
101. LocalBitcoins
102. Lazerpay
103. metroverse
104. genki
105. Numio
106. formfunction
107. Vovo Finance
108. TradeBlock
109. Rally
110. friction
111. everland
112. Galois Capital
113. coincloud
114. EtherOrcs
115. paxfull
It is worth noting that among these failed projects, there were once promising ventures such as Prime Trust, gomu, GRO Protocol, Stelo, Yield Protocol, multichain, clockwork, and Wyre.
*This is not investment advice.