The decentralized exchange aggregator Odos Protocol has announced plans to wind down operations. Users are advised to withdraw their assets by July 30.
The project team did not disclose the reasons for the decision but promised that the DAO supporting the protocol would continue to operate independently of the legal entity.
Developers assured that a new development plan for the aggregator would be presented later.
The Odos team promised that the ODOS token would continue to exist. Following the announcement, the token rose 10% in an hour and 7.5% over the past day.
Odos Protocol is a cross-chain DEX aggregator that helped find the best exchange rates across multiple platforms and blockchains.
Trading volume has been declining over the past two years, dropping from $7.8 billion in December 2024 to $169 million by July 2026. The protocol's annual revenue is around $2.72 million.
Recent crypto platform and DeFi protocol closures
- BitMEX exchange, which operated for 11 years.
- SecondFi crypto wallet on Cardano due to a cyberattack.
- TapTools analytics platform after key specialists left.
- DeltaDeFi decentralized exchange on Hydra.