Mynth: Novaswap will cease operations on June 30

The multi-chain trading protocol Novaswap developer Mynth tweeted that it will cease operations of Novaswap on June 30. The official statement indicated that although its protocol performed well in terms of security and functionality, the actual market demand for a fast and secure cross-chain experience could not support continued expansion.

The team explored various possible paths but ultimately decided to shut down. All user funds are in a non-custodial state, remaining secure without any action required. The exchange function will still be available for normal use until June 30, and Discord support will continue until the end of July.