TechFlow reports that on June 5, Mynth (@mynth) officially announced via Twitter that cross-chain interoperability protocol Novaswap has decided to shut down due to insufficient usage to sustain ongoing operations. The team stated that although the protocol has received user recognition for its security and functionality, market demand has failed to reach a level sufficient for sustainable operations, and further expansion to additional blockchains is no longer feasible. All operations will officially cease at 23:00 UTC on June 30. User funds remain secure and require no action; swap functionality will remain available until then. The team will provide support via Discord until the end of July.
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