Over Protocol announces cessation of operations and shutdown of related infrastructure

Odaily reported that the Over Foundation announced on Platform X that due to financial constraints, the Over Foundation has decided to cease the operations of Over Protocol. It has now shut down all infrastructure and services, including OverWallet, OverNode, OverFlex, RPC endpoints, block explorers, and APIs, with no plans for restoration. Although Over Protocol is designed as a decentralized Layer 1 mainnet, with the Foundation ceasing its services, it is highly likely that the network cannot continue to operate in practice. The continued production of blocks will depend on independent validators running open-source client software.