Dango, a Layer 1 blockchain project, is winding down its nascent ‘perpetual futures’ decentralized exchange (DEX) business less than four months after launch, underscoring how quickly smaller derivatives venues can be squeezed out in an increasingly winner-takes-most market.
According to a report published Tuesday UTC, Dango will halt trading on its perpetual futures DEX on Wednesday and plans to shut down the network entirely on Aug. 13. In a Friday post on X, the team said it had “tried its best,” but concluded there was no realistic path to sustainable commercial success.
Founder Larry… Read more
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