Several DeFi projects, including Linear Finance, zkLend, Loopring, DELV, Kinto, and Minterest, have ceased operations in 2025, according to KOL Green But Red. These closures are attributed to low usage rates, depleted token liquidity, hacking incidents, token delistings, and adverse market conditions. KOL Stacy Muur highlighted that many DeFi protocols are struggling to survive with minimal revenue. Projects such as Ethervista, Wombat Exchange, Saros, Equalizer, Skate, SparkDEX, HoneySwap, and Moonwell have reported fees below $3,000 over the past 30 days, indicating financial challenges in the sector.