According to Wu Shuo, Solana perpetual contract DEX Adrena has announced that it will enter maintenance mode starting today. The team will no longer develop new features, but the core protocol components (funding pool, staking, unlocking, data system) will continue to operate. The official statement said that they will open-source both front-end and back-end code for community use. Adrena, which has been in operation for three years, once achieved an annual trading volume of $8 billion and $10 million in transaction fee revenue. The team stated that they have decided to stop active development due to reasons such as failed fundraising, difficulties in user retention, and intense competition. https://t.co/PnPrwctpGd

Share






Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.