Mynth: Will cease operations on July 1, Novaswap hosted infrastructure to go offline

Odaily reported that Mynth has announced it will cease operations. The team stated that they began building the cross-chain protocol three years ago, but protocol usage has not reached the level required for sustainable operations and continued expansion. It is unable to maintain the past pace of innovation or scale to more blockchains. Mynth will stop supporting 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.