Solana Perpetual Contract Protocol FlashTrade Announces Shutdown, Solana Co-Founder Responds

TechFlow reports, on August 9, Solana ecosystem perpetual contract protocol FlashTrade founder Anas announced the closure of the project and plans to sell the existing tech stack to compensate FAF holders. Anas stated that the reasons for the shutdown include serious internal team disagreements, market contraction, and long-term lack of profitability, and mentioned limited resource support from the Solana Foundation, once expressing dissatisfaction regarding this, but later added that he was not blaming the Foundation for the project's failure.

In response, Solana co-founder Anatoly Yakovenko stated that the Foundation cannot determine a product's success or failure; its role is primarily to assist with market entry and exposure during the product launch phase, and ultimately, user conversion depends on the product itself.