PANews reported on November 12th that Adrena, a perpetual contract exchange within the Solana ecosystem, announced it is entering maintenance mode immediately. The team and foundation will no longer develop new features, but the platform's liquidity pool, staking, unlocking, and data functions will continue to operate. Adrena plans to open-source its front-end and back-end code, allowing the community to take over future development. The team stated that Adrena achieved $8 billion in trading volume and $10 million in transaction fee revenue over the past year, but due to difficulties in fundraising and intense market competition, it ultimately decided to cease development. The project team emphasized that it has never sold team tokens and hopes the community will continue its vision in the future.PANews reported on November 12th that Adrena, a perpetual contract exchange within the Solana ecosystem, announced it is entering maintenance mode immediately. The team and foundation will no longer develop new features, but the platform's liquidity pool, staking, unlocking, and data functions will continue to operate. Adrena plans to open-source its front-end and back-end code, allowing the community to take over future development. The team stated that Adrena achieved $8 billion in trading volume and $10 million in transaction fee revenue over the past year, but due to difficulties in fundraising and intense market competition, it ultimately decided to cease development. The project team emphasized that it has never sold team tokens and hopes the community will continue its vision in the future.
Solana's perpetual contract DEX project, Adrena, has announced it is entering maintenance mode.
PANews reported on November 12th that Adrena, a perpetual contract exchange within the Solana ecosystem, announced it is entering maintenance mode immediately. The team and foundation will no longer develop new features, but the platform's liquidity pool, staking, unlocking, and data functions will continue to operate. Adrena plans to open-source its front-end and back-end code, allowing the community to take over future development. The team stated that Adrena achieved $8 billion in trading volume and $10 million in transaction fee revenue over the past year, but due to difficulties in fundraising and intense market competition, it ultimately decided to cease development. The project team emphasized that it has never sold team tokens and hopes the community will continue its vision in the future.
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