Novaswap to Cease Operations by June 30, Developer Mynth Announces

Novaswap, a multi-chain trading protocol developed by Mynth, will cease operations on June 30, according to Foresight News. Despite the protocol's strong performance in terms of security and functionality, the market demand for fast and secure cross-chain experiences has not supported continued expansion. The team explored various potential paths but ultimately decided to shut down the service. All user funds are in non-custodial status, ensuring safety without requiring any action from users. The exchange function will remain operational until June 30, and Discord support will continue until the end of July.