Shutdown

Cascade

2026-09-12 23:12:03

Crypto brokerage platform Cascade shuts down, directs users to claim remaining funds

Crypto brokerage platform Cascade, formerly known as Perennial, said it has shut down operations and is no longer running. The company said it spent the past five years building what it described as a next-generation brokerage experience: a unified platform for global markets designed around 24/7 access and broad accessibility. Cascade said the closure was not an easy decision and thanked supporters who had backed the platform over the years. Users can now claim remaining funds held in Cascade, described as CLS+trading, through an official designated link after logging in via Privy Home. The platform also warned users to use only that specified link and to verify details against its official verification information before proceeding.

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Router Protoc

2026-09-07 15:48:49

Router Protocol to Shut Down by Sept. 30, 2026 and Burn 303.3 Million ROUTE

Router Protocol said it plans to cease operations by Sept. 30, 2026 and permanently burn 303,333,198 ROUTE held in its treasury, according to a Sept. 4 notice from the cross-chain project. The wind-down would close out more than four years of work that included a bridge, Router Nitro across more than 60 chains, cross-chain messaging, and an intent-based transaction system. The project gave clear instructions only to ROUTE holders on centralized exchanges, telling them to follow each venue’s delisting notice and withdraw before the exchange-specific deadline. The notice did not provide a separate withdrawal schedule for assets held in bridge contracts or for liquidity-provider positions. On-chain balances tracked by CoinGecko and Etherscan show three Ethereum addresses with 101,111,066 ROUTE each, totaling 303,333,198 ROUTE, the same amount Router said it plans to burn. Still, the project did not identify the source wallets, the burn mechanism, or an execution date. DefiLlama data cited in the report showed Router Protocol with $9,879.92 in total value locked at the reporting cutoff, including $9,837.37 on Aurora, and no bridge volume over the previous 30 completed days.

880

Moonwell

2026-09-06 11:27:15

Moonwell Card to Cease Service on September 6

DeFi lending protocol Moonwell will discontinue its Moonwell Card debit card on September 6, 2026, requiring users to withdraw balances before that date. The shutdown follows the acquisition of infrastructure provider Cypher by payment firm Nium in July, as the new owner decided not to continue the card business. Launched in December 2024, the card allowed users to spend USDC at over 44 million merchants and borrow against lending positions. Moonwell confirmed that the core lending protocol and user positions remain unaffected.

790

Assure DeFi

2026-09-04 02:30:45

Assure DeFi Shuts Down, Team Pivots to AI Agent Project Brainverse

Blockchain verification platform Assure DeFi has ceased operations, declining new business. The team had previously verified over 1,500 projects with a total verified value exceeding $2 billion. Most team members have shifted to developing the Brainverse project, which now runs over 100 AI agents. All completed KYC and audits remain valid, with verification records publicly accessible.

940

Silicon

2026-09-03 03:23:54

Ethereum Layer 2 Network Silicon Halts Bridge Deposits, Initiates Shutdown

According to CryptoSlate, Ethereum layer-2 network Silicon announced it stopped accepting new bridge deposits on September 2 and began the shutdown process. Users have until December 31 to withdraw all assets; after that, the network and block explorer will be taken offline, and any remaining assets will be lost. Currently, on-chain assets total approximately $9.75 million, comprising $2.66 million in USDC, $2.54 million in WBTC, $2.08 million in ETH, and $1.85 million in USDT. Assets bridged from Ethereum mainnet can be withdrawn directly back to the mainnet during the withdrawal window. However, tokens that were issued directly on Silicon cannot be bridged and must be exchanged using the remaining on-chain liquidity. As the shutdown progresses, this liquidity may dwindle, making swaps increasingly difficult. Additionally, Silicon's Web3 wallet will be deactivated along with the network closure. Users are urged to act promptly to secure their funds.

1240

HyENA

2026-08-28 15:18:40

HyENA Shuts Down All Markets, Says User Funds Safe

HyENA, a perpetuals platform built on Hyperliquid, has announced that it will cease operations and close all markets, with the team emphasizing that user funds remain safe. The project was constructed on Hyperliquid's HIP-3 standard and Ethena's USDe, enabling traders to earn yield while using USDe as margin for perpetual contracts. Before the shutdown, HyENA recorded over $4 billion in cumulative trading volume, served more than 12,000 traders and paid out nearly 2.5 million USDe in rewards. The team cited Hyperliquid's deeper alignment with USDC as the reason behind the decision, saying the scope for USDe-backed margin on the platform had changed. All markets will be delisted between Aug. 31 and Sep. 2, one per hour; positions will be auto-settled at the final mark price and margin returned to spot balances. HLPe deposits remain claimable at 1:1 with accumulated rewards via Upshift. The final reward payout date is Aug. 27, and the last affiliate commission payment is set for Sep. 9. The Ethena exchange rewards program ended in June 2026; HyENA points are final, with no snapshot, conversion or distribution, and they carry no monetary value. The team reiterated that HyENA has no token and no plans to issue one.

980

HyENA

2026-08-28 15:21:16

HyENA Shuts Down USDe-Margined Perpetuals Platform, Markets to Go Offline by Sept. 2

HyENA, a perpetual futures trading platform built on Hyperliquid's HIP-3 standard and backed by Ethena's USDe as margin, has announced its closure. The team cited Hyperliquid's deepening integration with USDC as the reason the role of USDe-backed margin on the platform has changed. User funds remain unaffected. Markets will be delisted one by one hourly from August 31 to September 2, with positions auto-settled at the mark price at the time each market goes offline. HLPe deposits are redeemable 1:1 anytime via Upshift, subject to a one-day redemption period. HyENA Points will not be snapshotted or converted into tokens, and no token issuance is planned.

1040

HIP-3

2026-08-28 14:36:27

HIP-3 DEX Announces Shutdown, Will Delist a Project Every Hour From Aug 31 to Sep 2

According to Odaily, HyperliquidNews said on X that HIP-3 DEX has announced it is closing. From Aug. 31 to Sep. 2, the DEX will delist one project every hour.

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