TechFlow news, on November 12, Solana-based perpetual contracts DEX Adrena Protocol announced it is transitioning the project into maintenance mode effective immediately. The team will cease developing new features, but existing functionalities such as trading pools, token vesting, staking, and data pipelines will continue operating normally. The project plans to open-source its platform, allowing community members to build upon it.
Despite generating $10 million in fees and achieving $8 billion in trading volume during its first year, the team stated that due to funding shortages, intense market competition, and challenges in user acquisition, the project cannot sustain long-term development. The founding team emphasized they have never sold any vested ADX tokens and will continue maintaining transparent communication with the community.
