Perps DEX Satori Finance is the latest in a string of crypto firms forced to shut their doors amid an extended market downturn.

Satori raised $10 million in a May 2022 seed round led by Polychain Capital with participation from Coinbase, Jump and others.

Satori Finance, a perpetual futures DEX backed by Polychain Capital and Coinbase Ventures, is shutting down after failing to generate sufficient revenue.