Dango will shut down its trading platform and its own blockchain after concluding the project has no path to lasting commercial success. The team told users to close positions and withdraw funds.

The wind-down arrives only months after Dango opened perpetual futures trading in April. Similar closures have hit the sector repeatedly through 2026.

Dango Sets 2 Deadlines for Users to Exit

Dango operates a Layer 1 (L1) blockchain and a decentralized exchange (DEX). Both are now on a countdown.

Trading stops on Wednesday, July 29, at 12 pm UTC. Remaining positions will close at the oracle price, and deposits in its liquidity provider vaults will unlock. The team said…