Friktion, a portfolio management platform based on Solana, said it is shutting down its front-end website, urging customers to withdraw their assets. This means that the front-end website will no longer provide the same services, but the underlying protocol will still be accessible on the blockchain.

According to DeFiLlama data, the total market value of Friktion has dropped from a peak of $164 million in April last year to $5 million, a drop of about 97%. It is reported that the platform traded $3 billion during its operation and has more than 20,000 user wallets.

As previously reported, last November, Solana-based portfolio management platform Friktion launched its first cryptocurrency lending product for institutional clients. #GameFi, #Binance, #BNB