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Dango to wind down operations, halting trading July 29

Dango DEX will halt perpetual trading July 29 and shut down its L1 chain August 13, citing no viable path to commercial success after raising

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thedefiant.io

cryptobriefing.com

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AI · summaries

cryptobriefing.comStai leggendo6 h fa

Dango to wind down operations, halting trading July 29

Dango, a Layer-1 DEX launched April 2026, shut down after three months ($239M volume, $1.9M exploit), finding no viable commercial path. The 2026 crypto shakeout—20+ project closures—reveals that standalone L1 infrastructure cannot sustain GTM pressure; native liquidity concentration and network effects favor established ecosystems.

originale

thedefiant.io6 h fa

Perp DEX Dango to Wind Down, Will Halt Trading July 29 | The Defiant

Dango perpetuals DEX ($3.6M seed) halts trading July 29, failing to overcome Hyperliquid's market dominance. Shows DeFi consolidation: concentrated liquidity and builder integration favor category leaders, constraining sub-scale competitors.

Timeline cronologica

venerdì 24 luglio 2026·thedefiant.io
Perp DEX Dango to Wind Down, Will Halt Trading July 29 | The Defiant
Dango, a perpetuals exchange built on its own Layer-1 blockchain, said it will shut down, halting trading on July 29 and switching off its chain on Aug. 13.
venerdì 24 luglio 2026·cryptobriefing.com
Dango to wind down operations, halting trading July 29
Dango DEX will halt perpetual trading July 29 and shut down its L1 chain August 13, citing no viable path to commercial success after raising