An industry-wide reckoning is weeding out unsustainable startups, leaving behind only the protocols with real cash flow and actual users. A dot-com style shakeout is purging overcrowded sectors like layer-2 networks and protocol tooling as altcoin prices drop 70% to 90%, draining token-denominated startup treasuries. With over $1.1 billion lost to exploits in the first half of 2026 alone and venture capital rescue funds drying up, single hacks are forcing immediate protocol bankruptcies while l…
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