Look. I get it. The Cosmos ecosystem is experiencing an existential crisis. People have complained about $ATOM bleeding. And CT influencers keep listing projects shutting down. But remember, lots of projects on the $SOL and $ETH ecosystem have also wound down. The market is also overall in a bad state. I’m not defending Cosmos. I’m completely out of the #crypto market. But, as an example for my point, here’s a small list of Solana projects that have also wound down. 16 projects, and not an exhaustive list: 2022 Serum — effectively became defunct after the FTX/Alameda collapse, with the community moving to the OpenBook fork. 2023 Friktion — Solana DeFi yield platform; shut down its user platform / moved to withdrawal-only mode in January 2023. Everlend Finance — Solana lending app; shut down in February 2023 and moved to withdrawal-only mode. Solana Spaces — sunset its NYC and Miami stores by end-February 2023 and pivoted toward DRiP. Formfunction — Solana NFT marketplace; announced shutdown in March 2023 and was officially closed on March 29, 2023. Cardinal — Solana NFT utility protocol; began winding down in June 2023. Clockwork — Solana smart contract automation project; team stepped away from active development in August 2023, with nodes scheduled off by October 31, 2023. Lido on Solana — officially sunset in October 2023; new staking stopped October 16, 2023, and frontend support ended February 5, 2024. 2024 Elusiv — Solana privacy protocol; sunset announced on February 29, 2024, with deposits/private swaps disabled and withdrawal-only mode through January 1, 2025. UXD Protocol — Solana stablecoin project; moved to sunset / cease operations in August 2024 due to weak product-market fit and liquidity constraints. 2025 Mango Markets — Solana DEX/lending venue; announced in January 2025 that “Mango Markets will be shutting down” and that Mango v4 & Boost were winding down. Francium — Solana leveraged yield/lending protocol; announced a sunset / wind-down in September 2025 due to reduced demand, with leveraged positions force-closed by late November 2025. Lifinity — Solana DEX; the proposal to shut down Lifinity passed in December 2025, with treasury value to be converted for claims. 2026 Step Finance — announced in February 2026 that it would wind down all operations. SolanaFloor — wound down in February 2026; archive remained online. Remora Markets — wound down in February 2026; project said rTokens remained fully backed 1:1. Credit to ChatGPT