MilkyWay Protocol宣布永久关闭!Celestia最大LST项目为何失败?MilkyWay Protocol, which was the first and largest liquidity staking solution in the Celestia ecosystem, officially announced in January 2026 that it will be permanently closed and enter liquidation.
The project's TVL once reached $250 million and successfully expanded to Initia and Babylon networks, but ultimately chose to exit gracefully due to the inability to find a sustainable product-market fit. According to its closure plan, the project team completed a snapshot at 10:00 AM UTC on January 14 and will proportionally return the accumulated protocol fees in USDC to MILK token holders. MilkyWay's failure is not an isolated case; it profoundly reveals that in the rapidly evolving crypto market, even technically sound and successful projects can struggle to survive due to shifts in market trends, unmet market demand, or operational funding exhaustion, serving as a warning to entrepreneurs and investors in the entire DeFi space.
MarketWhisper·01-16 01:54