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Wu said that cross-chain liquidity protocol Everclear announced it would cease operations and initiate an orderly liquidation. Everclear stated that its business is based on a cross-chain fund rebalancing solver model, but the relevant market has never developed enough commercial depth, and users are highly sensitive to prices. The protocol failed to convert trading volume into sustainable revenue. Over the past six months, the team shifted to a B2B2C model and reached cooperation with several industry organizations, but the progress of these collaborations was slower than expected, ultimately exhausting funds before the partnerships went live. Everclear has now stopped the protocol, UI, and chain operations, and the team said the remaining TVL has been withdrawn by users and partners.