Satori Finance has announced that it will shut down its decentralized exchange operations after concluding that the business is no longer financially sustainable.
In a statement released on June 16, the company said it will begin winding down the platform and keep withdrawals available until July 16, 2026, at 23:59 UTC. The team cited prolonged difficult market conditions and insufficient revenue as the main reasons behind the decision.
Satori urged all users to close any open trading positions and withdraw their funds before the deadline. The company warned that once the platform goes offline, users may no longer be able to access assets left on the exchange.
The team emphasized that user funds remain safe and under users’ control throughout the shutdown process and said the notice is intended to give traders enough time to withdraw their assets without disruption.
The closure marks the end of a platform that once attracted more than 600,000 traders across multiple blockchain networks. Satori offered perpetual futures trading with leverage of up to 25 times and expanded its services to networks including Polygon zkEVM, Zircuit, BNB Chain, Arbitrum, Scroll, and Optimism.
Despite its eventual shutdown, Satori achieved significant trading activity during its lifetime. The platform reported more than $134 billion in cumulative perpetual futures trading volume since launch. However, trading activity slowed in recent months, with around $3.2 billion in volume recorded over the last 30 days.
According to blockchain data, Satori currently holds approximately $1.2 million in total value locked, down from a peak of around $6.7 million reached during 2024. The protocol was also generating roughly $3 million in annualized fees before announcing its closure.
The project gained popularity during the crypto industry’s points farming trend, when many platforms rewarded users in anticipation of future token distributions and incentive programs.
Satori was backed by several major investors. In 2022, the company raised $10 million in seed funding led by Polychain Capital, with participation from Coinbase Ventures, Jump Crypto, and other prominent investment firms.
The shutdown adds to a growing list of crypto projects that have closed operations despite attracting users, funding, and market attention. Earlier this year, Bitcoin scaling project Botanix and crypto payments platform Pyra also announced plans to cease operations after facing business and market challenges.
In its farewell message, the Satori team thanked users for their support over the years, saying the trust and participation of the community played a major role in the project’s journey, even though market conditions ultimately made continued operations impossible.
