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Evmos says stop and it stops—does the endgame of on-chain governance mean self-dissolution? After the $27 million is burned, the TVL goes to zero, even the official website is a 404. Another experiment in the Cosmos ecosystem comes to an end. The promised EVM interoperability back then now only leaves the epitaph of block height 37,180,000.
The proposal states that Evmos nodes will stop operating at block height 37,318,000, approximately around May 18.
Currently, Evmos block explorer, official website, and other services are inaccessible.
DeFiLlama data indicates its TVL has dropped to zero.
It is reported that the Evmos core development team, Tharsis Labs, completed a $27 million funding round led by Polychain Capital in 2022.