Two more disappointing crypto projects are shuttered: Prices crashed

Dozens of crypto projects, from Blast to Balancer, from Loopring to Radiant Capital, closed in 2026. Some could not recover from hacking attacks, while others could not withstand the lack of liquidity that had been going on for years.

Now, two more projects have announced that they will be shuttered in the new year. Acala and Karura, two known projects of the Polkadot ecosystem, will completely cease their activities as of February 10 (2027). As it is known, Acala was traded on the Polkadot network and Karura was traded on Polkadot's "sister network" Kusama. Both projects helped users access DeFi services.

In the statement, users were requested to withdraw their DOT, KSM, USDT and USDC tokens. ACA and KAR, the two networks' own tokens, cannot be withdrawn.

They were a huge disappointment…

Polkadot and other tokens within the network, which experienced a tremendous rise during the bull season in 2021, suffered unexpected losses in value in the following years. In particular, the fact that the DOT token has fallen from its peak price of $ 50 to less than $ 1 today clearly shows how deeply the crisis affects these networks.

Moonbeam (GLMR), one of the projects in the Polkadot network, also announced that it would switch to the Base network in recent months.