Wu Blockchain reported, citing Web3 data platform RootData, that over 60 cryptocurrency projects have terminated their services this year. Wu Blockchain explained, "That number continues to increase," adding that "the top three projects by investment among those that have terminated services were all invested in by Andreessen Horowitz (a16z), namely Yupp ($33 million), Syndicate ($27.8 million), and Entropy ($26.95 million), respectively."