Mynth: Operations to Cease on July 1, Novaswap Hosted Infrastructure to Go Offline

Odaily Odaily reports that Mynth has announced it will cease operations. According to the announcement, the team began building the cross-chain protocol three years ago, but protocol usage did not reach the level necessary for sustainable operations and continued expansion. It could not maintain its past pace of innovation nor expand to more blockchains. Mynth will discontinue support for the hosted infrastructure running Novaswap, and all operations will cease at 7:00 AM Beijing time on July 1. User funds remain secure and non-custodial, requiring no action from users; swaps will continue to be processed until that time. The team will provide support via Discord until the end of July.