As market sentiment warms up, analysts have compiled a list of blockchain projects that may face closure risks by 2026. This list involves a total funding amount of nearly $3 billion, prompting people to consider: where will these funds ultimately flow?



S-level risk projects include: Beam, Somnia Network, Zeta Chain, Eclipse, Mode Network, and others.

A-level risk projects cover: Initia, Ape Chain, Fuel Network, Taiko, Manta Network, and others.

In terms of funding scale, these projects initially received ample capital support. However, in actual operation, many projects still face practical challenges such as sluggish user growth, lack of ecological applications, and insufficient technical validation. How the funds are used and whether they are effectively converted into product competitiveness become key indicators of these projects' long-term survival ability. This also reminds investors and users that when evaluating Web3 projects, it is necessary to go beyond mere funding amounts and deeply examine the team's execution capability and actual market demand.
BEAM4.75%
SOMI0.91%
ZETA0.4%
ES10.68%
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WalletDetectivevip
· 4h ago
$3 billion just burned like that? Wow, how much can they really spend? --- It's the old routine of raising a lot of funds but few real implementations. Someone should have already looked into what these project teams are actually doing. --- Looking at Beam and Eclipse, they raised a ton of money but still got downgraded to S-level risk... they must be really disappointing. --- Basically, if you have money, you can raise funds; even without a product, you can still raise. This circle is truly incredible. --- Why is Taiko still at A-level? I was actually hoping this project could last another two years. --- The black hole of funds is indeed terrifying, but this exposure list can help weed out some projects that are just scamming investors, which is a good thing. --- If the team really isn't capable, everything is for nothing. Having more money can actually kill the project.
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BetterLuckyThanSmartvip
· 4h ago
30 billion USD, I just want to know how much went into the team wallet... The ecosystem is all air, yet so much money was raised. --- Taiko and Manta are also at Grade A? These two are still working, right? The risk assessment seems a bit strict. --- Another wave of the "cutting leeks" list is out, same old routine. --- Honestly, it's still poor execution. No matter how much funding they get, they can't save a garbage team. --- Why is Eclipse listed as S-grade? Is it because no one uses it or are the analysts just blind? --- Raising 3 billion and then going bankrupt, how bad is that... Just thinking about it makes me feel awkward for them. --- So now, when evaluating projects, you can't just look at funding rounds and amounts; you need to look at TVL and actual users. I've been doing this for a long time. --- Mode and Beam really have no presence, but saying they'll shut down by 2026? That's unlikely, there's still a long way to go. --- Where is the money flowing? Most likely marketing, salaries, consulting fees... and then it's gone. --- This list is just telling us that before investing, we need to do our homework ourselves. Don't just look at the white paper.
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Gm_Gn_Merchantvip
· 4h ago
30 billion USD, is it really burned through like this? It feels like some projects just start slacking off after getting the money. Does more funding necessarily mean success? Just look at how many actually have users right now. Are Beam, Eclipse, and others really going to fail? I'm still watching them... Oh my, I haven't heard of half of these names on the list. No wonder they are shutting down. Team execution is the key; having a lot of money is useless. That's why I now prioritize people over amounts when investing in projects. So how much of that 30 billion ended up in certain pockets... The ecosystem hasn't taken off, user growth is stagnant. Do I even need to analyze? It was obvious long ago. It's a bit scary—so many funding rounds, and they're already on the verge of collapse.
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ChainPoetvip
· 4h ago
30 billion dollars washed away? Come on, it's about time to face reality. More funding doesn't equal better products. These projects really need to reflect. --- For projects like Beam and Eclipse, which are on the S-level list, it seems like they tell a good story but no one actually uses them. --- Honestly, it's still about not finding real needs. No matter how much money you have, you can't save a chain without an ecosystem. --- I just want to know why those VCs are still throwing money in. Do they really believe, or are they just betting on a last-ditch effort? --- Weak user growth is truly a fatal flaw; everything else is just superficial. --- Looks like I need to review my holdings carefully. It would be awkward if I step on a landmine. --- Spending money without delivering anything is way too common in crypto. --- Taiko and Manta, two A-level projects, are actually on the risk list? Damn, that's a bit surprising. --- Poor execution and it's game over. Funding is just the beginning, not the end. --- Another round of cleanup is coming. Survival of the fittest, everyone.
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GasSavingMastervip
· 4h ago
$3 billion just disappeared like that? Feels like most of it went into VC and team pockets. Raising funds doesn't necessarily mean it's reliable. Those big funding rounds look impressive, but when it comes to users, it's all just air. I'm quite optimistic about Taiko, Eclipse, hope I don't get caught in the crossfire... But indeed, many projects have failed because of the lack of real demand. Wait, in the past two years, with so many projects in the fusion and rollup tracks, how many have truly survived? Watching the show, the big cleanup in 2026 is coming.
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