Vestige Announces It Will Cease Operations on December 31, 2026
2026-11-15 07:58:17
According to CoinMeta, the Algorand ecosystem transaction aggregator and the DeFi data platform Vestige have announced that they will cease operations on December 31, 2026, shutting down their main website, API, the transaction aggregator, and related services. Vestige stated that in the past year, the trading volume of the Algorand ecosystem has not been sufficient to cover the platform's operating costs, and it has not been able to achieve profitability for a long time. This shutdown will not affect the assets in users' wallets; assets deposited in the treasury can still be accessed through the retained old version of the frontend. Vestige will also destroy all remaining VEST tokens in its treasury as well as the VEST liquidity token holdings.
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