A team with Binance Futures experience, over $200M in peak TVL and billions in trading volume. Yet the project is winding down. What went wrong? StandX combined its DUSD stablecoin with a perpetual DEX. But TVL fell from over $200M at its peak to around $22M to $25M before the shutdown. According to statements attributed to CEO Aaron Gong, the team failed to reach its goal of becoming a top 3 perpetual DEX. Instead of launching a token without a clear path to long term value, they chose an orderly shutdown. Here is the real question: Were users there for the product, or just the points and a potential airdrop? Incentives attract users, but they don’t guarantee lasting demand. High trading volume doesn’t guarantee a sustainable business either. There is no verified evidence that StandX is shutting down due to fraud. The full financial reasons behind the decision also remain unclear. Growing a crypto project and building a sustainable business are two very different things. Was it a team failure, or has competition among perp DEXs simply become too brutal?
🚨 The cryptocurrency scammer pursued by the world has been caught in Istanbul.
They had pulled off a massive scam involving the Pulse Chain and Hex projects.
It turns out they had set up their own operation in Beşiktaş and were continuing to make money through various methods. Luxury watches and a large amount of cash were also seized.
NFT volumes have dried up, airdrop farming is no longer enough to keep traders around, and BLUR holders are left dealing with token unlocks and sell pressure.
Now the bigger problem: Blur is shutting down its website on November 12, while Blend will stop matching new loans.
The smart contracts will remain live, but let’s be real: losing the frontend is a massive blow.
The NFT hype is gone. Can BLUR survive without it?
XRP has performed well as a store of value. While other projects lost 90%, $XRP didn't drop below $1. But thinking it will reach $100? That sounds a bit like science fiction to me.