shutdown

The decentralized liquidity staking protocol Diva Staking announced on social media that it will shut down the project and will not launch the mainnet. The official statement said that this decision was made after thorough discussion and apologized to the early stakers who had pre-deposited in the vault, stating that related deposits can be withdrawn through Enzyme without further waiting.The official statement mentioned that the team has been operating for about two and a half years without income or salary since the funds were exhausted in mid-2024, with three members pushing the project forward. Diva went live on the Hoodi testnet earlier this summer and has been running stably for about four months without any issues, but failed to gain support from large institutions for the mainnet launch. The three-member team also could not bear the costs of a new round of audits and mainnet operations, thus choosing to wind down rather than risk launching.The announcement also stated that the demand structure for LST has changed after the Shanghai upgrade. As of the end of June this year, BitMine, Coinbase, and Binance together accounted for about 30% of the total staked ETH, with approximately 11.5%, 10.9%, and 7.9% respectively, which is comparable to the concentration when the market was concerned about Lido's share being close to one-third. The official also congratulated Lido for advancing Simple DVT and opening up to independent stakers.

The Browser Company announced that it will completely cease the operation of the macOS and Windows versions of the Arc browser on December 22, 2026, and has closed new user registrations. Starting from November 23, the AI features on mobile, login, and tab synchronization will gradually be disabled, and the team will fully shift its focus to the AI browser Dia.Arc was launched in 2022, initially limited to Mac users through invitations, and was fully opened in 2023, with plans to gradually launch on Windows and mobile platforms in 2024. The product design includes a vertical tab bar, independent workspaces, automatic tab organization, split-screen browsing, and allows users to directly modify the appearance of web pages. The official disclosure indicated that Arc had over 1 million weekly active users.Founder Josh Miller stated in 2025 that Arc was too complex for ordinary users, with a high learning cost, and only 5.52% of daily active users frequently used multiple workspaces. The team stopped developing new features that year and shifted to Dia. In October of the same year, the parent company was acquired by Atlassian for approximately $610 million. The reason for the shutdown was that browser security in the AI era requires continuous investment, and engineering and security resources must be concentrated on Dia.

The entertainment application chain Sophon officially announced that the team plans to finally shut down the Sophon mainnet on November 30, 2026. Key infrastructure and related websites will begin to shut down after November 25. Assets remaining on the Sophon Chain after the deadline face the risk of permanent inaccessibility.

Regarding the announcement "Polygon is not dead" released by Polygon's official Twitter, which is suspected to mock the shutdown of Abstract, Polygon founder Sandeep responded that the dissemination effect of the related content "did not meet expectations," and some people attributed a completely different meaning to it. The Polygon marketing team was self-deprecating, as Polygon's fundamentals are still growing, and there was no intention to imply anything about Abstract's shutdown.Sandeep added that he was also confused when he first saw the content and emphasized that he has great respect for Abstract founder Luca Netz and his team. Since Polygon itself had also terminated the zkEVM project, he empathizes with the pain and would not mock the other party, wishing Luca and the Pudgy Penguins team all the best.

According to on-chain information, shortly after the shutdown announcement of Abstract, a newly created address withdrew 1 million USD from Kraken and then quickly bought 25 Pudgy Penguins NFTs on the market. As of the time of writing, the wallet still holds ETH worth 766,000 USD.As of the time of writing, the floor price for Pudgy Penguins NFTs is reported at 3.3 ETH, with a 24-hour increase of 6.8%.Pudgy Penguins CEO Luca Netz stated that Abstract is gradually shutting down, and its parent company Igloo Inc. will now focus all its efforts on the development of Pudgy Penguins, Pudgy NFTs, and PENGU.

NFT and IP company Igloo, Inc. announced the shutdown of its consumer-grade blockchain Abstract, reallocating personnel and resources to Pudgy Penguins, Pudgy NFT, and the token PENGU.Igloo stated that the goal of Abstract was to create a public chain for consumer scenarios, and the company invested engineering and ecological talent and infrastructure for this purpose. Its growth was constrained by the high operational costs of independent blockchain, limited liquidity, a weak DeFi ecosystem, and declining market interest. Over the past two years, Igloo has lost tens of millions of dollars to maintain Abstract's operations, expand, and seek product-market fit and profitability.The company stated that after even well-funded enterprises struggled to find product-market fit for their own blockchain, shutting down Abstract became the right decision. Moving forward, they will refine the brand path from products and content to PENGU, and then to Pudgy Penguins NFT, refocusing on this role as an IP.

In response to the community rumor that "Aptos will shut down its blockchain in the next 6 months," Aptos Labs co-founder and CEO Avery Ching publicly stated that this is "a stupid rumor."The X account that initially published the related news did not provide any official Aptos announcement, governance proposal, or other documents as evidence. When pressed for evidence, the account stated that the information was merely "heard" and reminded to be cautious in interpretation.Additionally, another community account claimed that Aptos had significantly laid off employees over the past year and was facing financial pressure, but that account also admitted that the source of the information was "unreliable," and there is currently no public information to confirm the above claims.Aptos's current public governance records still show network upgrade proposals and executed mainnet function updates, and no official plans to shut down the mainnet have been found.

According to Gate market data, due to network revenue being unable to cover maintenance costs, the Layer 2 network Blast announced it will cease operations. Following this announcement, South Korea's two major cryptocurrency exchanges, Upbit and Bithumb, have placed BLAST on their trading watchlists. BLAST has cumulatively dropped over 40%, currently priced at $0.0002433, with a market capitalization of approximately $24 million.

Cosmos ecosystem liquid staking protocol Stride announced today that it is proposing an orderly shutdown of the Stride chain. The team stated that stToken can still be redeemed normally on Stride before October 12; after that, redemptions will be suspended to allow the underlying assets to complete the unbinding.According to the plan, redemptions are expected to resume around November 20 on Osmosis. Stride also stated that the stToken held by users will not expire.

The cross-chain asset protocol Universal has announced its shutdown. The protocol will continue to operate normally for the next 60 days, until November 17, 2026. Universal was launched two years ago to build Universal Assets (uAssets), bringing assets such as SOL, XRP, and DOGE into a new ecosystem, supported 1:1 by underlying assets, and has supported over 80 types of assets.The team stated that the scale has not reached a long-term sustainable level, hence the decision to shut down. According to the tokenized asset data platform RootData, Universal announced last February that it had completed a $9 million financing round, led by a16z Crypto, with participation from Coinbase Ventures and others.

Binance founder CZ commented on the smooth shutdown of the cryptocurrency CEX CoinEx, stating that at least during this winter's recent gradual closures of CEXs, users were able to withdraw their assets, which stands in stark contrast to the QuadrigaCX style from the previous cycle.CoinEx announced its shutdown after nine years of operation, with the withdrawal window open until December 22.

Cryptocurrency exchange CoinEx announced that, in the context of a prolonged downturn in the cryptocurrency market, a significant shrinkage in overall industry trading volume and liquidity, and the continuous rise in regulatory requirements and compliance costs in major jurisdictions, it has decided to cease operations and initiate an orderly shutdown process.CoinEx will stop new user registrations on September 15, and will adjust contract trading to only allow position reduction; it will cease non-spot services such as contracts, wealth management, staking, and lending on September 22; all spot trading will stop on September 29; and withdrawals will cease on December 22, officially closing the platform. CoinEx was launched on December 22, 2017, and has been in operation for nearly nine years.

Solana social wallet Hey Wallet announced on X that it will shut down its product. This product allows users to send SOL through tweets, tip creators, mint NFTs, and conduct transactions on X, Discord, and Telegram.Hey Wallet thanks users who have used the above features and reminds users to back up their wallets.

The cross-chain protocol Router Protocol announced that after more than four years of development, it has decided to gradually cease operations and will fully shut down before September 30, 2026. The team stated that over the past two years, Web3 liquidity has remained scarce, the market focus has shifted to AI, the enthusiasm for cross-chain interoperability has waned, and the revenue from bridging services has been insufficient to cover costs. Although various paths such as commercialization, licensing, and acquisitions were attempted in the past year, no sustainable solution was achieved. Router Protocol will permanently destroy 303,333,198 ROUTE tokens pending in the treasury and will coordinate with centralized exchanges to delist ROUTE. Holders need to withdraw their tokens according to the arrangements of each exchange before the deadline. In addition, the project will not launch any new plans related to ROUTE and plans to open-source some technical components for community use.

According to CryptoSlate, the Ethereum Layer 2 network Silicon announced that it has stopped accepting new bridging deposits as of September 2 and has initiated the shutdown process. Users must withdraw all assets by December 31, after which the network and block explorer will go offline, and remaining assets will be unrecoverable.There are still approximately $9.75 million in assets on-chain, including USDC ($2.66 million), WBTC ($2.54 million), ETH ($2.08 million), and USDT ($1.85 million). Assets bridged from the Ethereum mainnet can be directly withdrawn during the window period, but tokens issued directly on Silicon cannot be bridged directly and can only rely on the remaining on-chain liquidity for exchange, which may become increasingly difficult as the shutdown progresses. Silicon's Web3 wallet will also be deactivated.

According to CryptoSlate, the Pakistan Virtual Assets Regulatory Authority (PVARA) has required cryptocurrency exchanges and related service providers operating locally to enter a new licensing process by September 5, or they must cease relevant operations. PVARA opened the licensing application portal for virtual asset service providers on August 22 and released regulatory rules for virtual asset services.According to the regulations, service providers that have been conducting cryptocurrency business in Pakistan must submit a "No Objection Certificate" (NOC) application. During the application review period, as long as a complete application is submitted on time, they may continue to provide existing services. Businesses that do not submit applications by September 5 must stop relevant services within the regulatory scope, and continuing operations will be considered a violation. PVARA added that this policy does not constitute a comprehensive ban on cryptocurrency but establishes a "compliance or exit" regulatory mechanism applicable to exchanges, custodians, and other businesses providing virtual asset services to users in Pakistan.

The Solana ecosystem identity and user incentive project Solana ID announced that it will gradually shut down its operations. Solana ID Hub, API services, and Solana Display Network will cease operations by the end of September 2026, and no new collaborations are being accepted at this time. User data will be deleted by the end of this year, and related mailing lists will also be cleared, unless users actively choose to join new mailing lists unrelated to Solana ID.The team stated that the project had launched the SOLID Priority Pass, completed token sales for SwissBorg and BorgPad, and launched the Hub to attract over 17,000 users, while continuously conducting collaborative activities and SOLID Talks. However, difficulties in cold-starting the bilateral market, long supply cycles for rights, and challenges in attracting top application traffic to the display network, combined with reduced marketing budgets in the bear market and limited financing options, ultimately led to the decision to cease operations.All SOLID held in the company's treasury has been destroyed, accounting for approximately 73.78% of the total token supply. The tokens remain on-chain, and the liquidity pool is in a locked state. The team expressed an open attitude towards selling the brand and technology, and stated that members will continue to deepen their involvement in the Solana ecosystem.

The token issuance platform Printr announced that it will initiate a shutdown process, and all operations will cease before August 31, 2026. The team stated that they have explored all feasible paths over the past three months to seek a sustainable solution, but due to a lack of capital and distribution support required by the current market, the project can no longer be maintained.Starting from August 18, 2026, all staking positions and staking rewards on supported chains will be automatically unstaked or claimed and returned to the original wallet address, after which the staking function will be suspended. If users have not received their assets by August 20, they need to contact the team via Discord before August 31. There will be no TGE or airdrop held after the shutdown.After August 31, 2026, the Printr application interface will go offline, and it will no longer be possible to issue new tokens through the platform. Tokens issued by Printr are independent on-chain assets, not owned or controlled by the team, and will continue to exist on the respective chains.