Coinbase-Backed Legend Shuts Down With a Lesson: Hide the Crypto to Win Users

May 13, 2026 - 13:30
Coinbase-Backed Legend Shuts Down With a Lesson: Hide the Crypto to Win Users
Legend, the mobile DeFi super app backed by Coinbase Ventures and a16z crypto, will shut down on July 12 after two years. In a closing note, founder Jayson Hobby left behind a thesis that should sting consumer crypto. The products that win mainstream users, he wrote, are the ones that hide the blockchain, not the...

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