In recent days, 45 cryptocurrency exchanges have ceased operations, after the total number of platforms surpassed 800. This decline reflects significant challenges for the sector, such as increased regulation, a drop in transaction volumes, and growing distrust due to various hacks and fraud cases.

At the same time, the number of active cryptocurrencies has not grown beyond the levels observed at the end of 2021, indicating reduced interest in launching new projects. This situation can be attributed to factors like market weakening, rising development costs, and regulatory pressure.

As a result, the risks for investors and developers are becoming more evident, highlighting the need for caution when selecting exchanges and cryptocurrencies with solid fundamentals, as the sector continues to undergo transformation and consolidation.