Another Crypto Project Goes Dark as Dango Winds Down

Dango will shut down its trading platform and its own blockchain after concluding the project has no path to lasting commercial success. The team told users to close positions and withdraw funds.

The wind-down arrives only months after Dango opened perpetual futures trading in April. Similar closures have hit the sector repeatedly through 2026.

Dango Sets 2 Deadlines for Users to Exit

Dango operates a Layer 1 (L1) blockchain and a decentralized exchange (DEX). Both are now on a countdown.

Trading stops on Wednesday, July 29, at 12 pm UTC. Remaining positions will close at the oracle price, and deposits in its liquidity provider vaults will unlock. The team said that all balances will be returned in USDC to spot accounts.

The L1 then stops running on Wednesday, August 13, at 12 pm UTC. Deposits left behind at that point go back to their original Ethereum (ETH) addresses.

"Funds are safe. Limits to withdrawals will be lifted shortly. We encourage you to close positions and withdraw funds. Be careful of slippage, as liquidity is expected to be thin," Dango wrote.

… Continue reading the full article at the original source below.