What Happened to Kadena? – OneSafe Blog
Kadena, a blockchain organization established by former JP Morgan executives, announced that it had shut its doors, which caught many by surprise. The decision led to the KDA token value dropping nearly 60%, which raised concerns, especially since it left a huge gap for its ecosystem. Why did this happen?
Did Kadena’s Closure Start Something Negative?
The suspension of all commercial activities underscored the fragility of centralized blockchain operations. Once the core team withdrew support, the connection between KDA, an extremely centralized and often criticized project, and its options started to dissipate rapidly. Independent developers and validators, many of whom were affiliated with Kadena, were left to pick up the pieces. The…
