EverclearOrg, a cross chain settlement protocol, announced the closure of its foundation, Labs, and product development due to insufficient revenue caused by price sensitivity among users, despite achieving a monthly transaction volume of $500 million (approximately $500 million) through the solver based cross chain fund rebalancing model. The announcement stated that attempts at B2B2C cooperation in the past six months were unsuccessful, and acquisition options were not reached. After running out of funds, the company chose to close in an orderly manner. The protocol has been taken offline, no user funds are trapped, and the UI and chain are currently unavailable. DAO will continue to operate and explore open source protocols, and if there are remaining funds, CLEAR token buybacks will be considered.
