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

Odaily Odaily星球日报 reports that Mynth has announced it will cease operations. The announcement states that the team began building a cross-chain protocol three years ago, but protocol usage did not reach the level required for sustainable operations and continued expansion. It was unable to maintain its past pace of innovation or expand to more blockchains. Mynth will stop supporting the hosted infrastructure running Novaswap and will cease all operations at 7:00 AM Beijing time on July 1st. User funds remain secure and non-custodial, requiring no user action, and swaps will continue to be processed until that time. The team will provide support via Discord until the end of July.