Odaily Planet Daily reports that Mynth has announced it will cease operations. The announcement states that the team began building a cross-chain protocol three years ago, but protocol usage did not reach the level required for sustainable operation and continued expansion, making it impossible to maintain previous innovation speeds or extend to additional blockchains. Mynth will stop supporting the托管 infrastructure for Novaswap and will cease all operations at 7:00 AM Beijing Time on July 1. User funds remain secure and non-custodial; no user action is required, and swaps will continue to be processed until that time. The team will provide support via Discord until the end of July.
Mynth to Cease Operations on July 1; Novaswap Infrastructure to Be Decommissioned
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Summary
Mynth will shut down on July 1, 2026, at 7:00 AM Beijing Time, according to on-chain news. The project cited low usage of its cross-chain protocol as the reason it was unable to expand to additional blockchains. Novaswap’s custodial infrastructure will be decommissioned, but user funds remain non-custodial. The team will provide support via Discord until late July. A final protocol update will be released prior to the shutdown.
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