Dango’s perp DEX taps out nearly 4 months after launch

Dango will close its network on Aug. 13, joining BitMEX, Odos and Satori Finance in a wave of recent crypto shutdowns.

Layer-1 blockchain Dango will wind down operations by halting trading on its perpetual decentralized exchange (DEX) on July 29 and shutting down its network on Aug. 13.

“Despite our best effort, various reasons have led us to conclude there is no viable path to a lasting commercial success,” Dango said in a Friday X announcement.

Dango founder Larry Liu added that the team faced cash shortages, legal challenges that slowed momentum, the loss of team members, and broader market conditions.

Read more