500 million monthly active users can't buy a business model, the Web3 metrics illusion

EverclearOrg announced the closure of its foundation, Labs, and product development on May 22, due to the solver-based cross-chain fund rebalancing model, which, despite reaching a monthly trading volume of $500 million, is hindered by price sensitivity preventing liquidity realization. Over the past six months, efforts to shift to B2B2C have not materialized, acquisitions failed, and after funds were exhausted, the project was closed in an orderly manner; the protocol was taken offline, with no user funds trapped, and the UI and blockchain are unavailable. The DAO is still exploring open-source options, and any remaining funds will be considered for repurchasing CLEAR.