PANews, June 18 – According to The Block, Satori Finance, a multi-chain DEX that previously raised a $10 million seed round from institutions including Polychain Capital, Coinbase Ventures, and Jump Crypto, has announced its closure due to "persistently unfavorable market conditions." The team stated that revenue was insufficient to sustain operations and the platform is no longer financially viable. Users must withdraw their funds before 23:59 UTC on July 16, after which the platform will cease operations.

DeFi Llama data shows that Satori's total value locked dropped from a 2024 peak of $6.7 million to $1.2 million, with annualized fees of approximately $3 million. The project had participated in the "points farming" trend to attract users, claiming over 600,000 traders and a cumulative perpetual contract trading volume of approximately $134 billion, but only $320 million in the past 30 days, with open interest at just $559,000.