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Launch
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Polychain Capital, Coinbase Ventures, and Jump Crypto-backed multi-chain DEX Satori Finance announces shutdown, citing prolonged unfavorable market conditions leading to insufficient revenue to sustain operations. Users must withdraw assets by 23:59 (UTC) on July 16, after which the platform will cease operations. Satori completed a $10 million seed round in May 2022 and was deployed on multiple networks including Arbitrum, Optimism, and BNB Chain. According to DeFiLlama data, its current total value locked (TVL) is approximately $1.2 million, a significant decline from the peak of around $6.7 million in 2024. (The Block)