Satori Finance is closing its decentralized exchange, marking the latest crypto project to cease operations this year.
The protocol announced on June 16 that it would begin winding down, stating that continued operation was no longer financially viable due to prolonged unfavorable market conditions. Users must close open positions and withdraw assets by July 16, 2026, at 23:59 UTC.
“We have made the difficult decision to wind down Satori Finance operations,” the team stated. “Your assets remain fully safe and under your control throughout this transition period.”
A Once-Volatile Platform
Satori offered leveraged perpetual futures trading with up to 25x leverage across multiple blockchain networks, including Polygon zkEVM, Arbitrum, and BNB Chain. The protocol once claimed to serve more than 600,000 traders.
Despite its scale, activity had slowed considerably. DeFiLlama data shows the protocol held about $1.2 million in total value locked, down from a peak of $6.7 million in 2024. In the 30 days prior to the shutdown announcement, Satori recorded approximately $3.2 billion in trading volume.
The closure is a reversal from its growth during the “points farming” period, where projects attracted users ahead of potential token airdrops. The protocol reported more than $134 billion in cumulative perpetual trading volume over its lifetime.
User Access and Shutdown Timeline
Some users on social media reported difficulties withdrawing assets from networks other than Ethereum following the announcement. The team has not publicly addressed these individual claims.
The shutdown adds to a growing list of crypto protocols ending operations this year. Earlier in the month, Bitcoin scaling project Botanix and payments platform Pyra also announced plans to discontinue services.
Funding and Legacy
Satori secured $10 million in seed funding in May 2022, led by Polychain Capital with participation from Coinbase Ventures and Jump Crypto.
“Whether you joined us early on or discovered us along the way, your trust meant everything to our team,” the announcement concluded.
Based on reporting from crypto.news.