Perp DEX Dango to Wind Down, Will Halt Trading July 29
The Hack VC-backed Layer 1 will shut its blockchain on Aug. 13 and return user funds as USDC, closing out a mainnet run of under four months that began with a $1.9 million exploit.

Dango, a perpetuals exchange built on its own Layer-1 blockchain, said it will shut down, halting trading on July 29 and switching off its chain on Aug. 13. "Despite our best effort, various reasons have led us to conclude there is no viable path to a lasting commercial success," the team posted on... Read the full story at The Defiant
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