Vertex plans to migrate its DEX to Kraken-backed L2 network Ink and phase out its native token VRTX

Odaily News Vertex Protocol, an Arbitrum-based decentralized trading platform focused on perpetual contracts and money markets, will gradually shut down its existing EVM deployment and rebuild its DEX on Ink, an L2 network incubated by Kraken. It is reported that the Ink Foundation will receive Vertex's engineering team and its trading technology architecture, including synchronized order books, perpetual contract engines, and money market codes. As part of this migration, Vertex developers will also gradually phase out its native token VRTX. (The Block)