POPA ReconDango Is Winding Down, L1 Shuts Off on Aug 13
Dango Is Winding Down, L1 Shuts Off on Aug 13 Dango, a perpetuals DEX running on its own Layer-1, is shutting down after concluding there is no viable path to lasting commercial success. The team cited a short cash runway, legal and compliance delays, team departures and tough market conditions. Trading halts on July 29 (12:00 UTC), and the Dango L1 blockchain shuts down permanently on August 13. Open positions settle at oracle prices and all balances convert to USDC. "Despite our best effort, various reasons have led us to conclude there is no viable path to a lasting commercial success,"…
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