---
title: "Crypto Projects Cease Operations Amid Market Downturn"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287304243.md"
description: "Five cryptocurrency projects, including Syndicate Labs and Bitcoin Depot, are shutting down operations this week due to a prolonged market downturn. According to NS3.AI, these closures are attributed to decreased user activity and reduced investment. Despite this trend, Hyperliquid and Polymarket are continuing to experience growth."
datetime: "2026-05-22T03:45:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287304243.md)
  - [en](https://longbridge.com/en/news/287304243.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287304243.md)
generator: "portal-rs"
---

# Crypto Projects Cease Operations Amid Market Downturn

Five cryptocurrency projects, including Syndicate Labs and Bitcoin Depot, are shutting down operations this week due to a prolonged market downturn. According to NS3.AI, these closures are attributed to decreased user activity and reduced investment. Despite this trend, Hyperliquid and Polymarket are continuing to experience growth.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**