According to Odaily, Satori Finance, a decentralized exchange backed by Polychain Capital and Coinbase Ventures, announced today (June 17) it will cease operations due to prolonged adverse market conditions and insufficient revenue. Users must withdraw their assets by July 16, 23:59 UTC, after which the platform will no longer be accessible.
The multi-chain DEX had secured a $10 million seed round in 2022 led by Polychain Capital with participation from Coinbase Ventures and Jump Crypto, and operated across Arbitrum, Optimism, and BNB Chain.