[Cross-Chain Settlement Protocol Everclear Announces Shutdown] BlockBeats News, May 22 – The cross-chain settlement protocol EverclearOrg has announced the closure of its foundation, labs, and product development. The core reason cited is that its solver-based cross-chain fund rebalancing model, despite achieving a monthly transaction volume of $500 million, struggled to convert into substantial revenue due to users' price sensitivity. The announcement stated that efforts over the past six months to pivot toward B2B2C partnerships failed to materialize in time, acquisition options were unsuccessful, and the decision was made to proceed with an orderly shutdown after funds were exhausted. The protocol has been taken offline, no user funds are trapped, and the UI and chain are currently unavailable. The DAO will continue to operate and explore open-sourcing the protocol, and if there are remaining funds, a CLEAR token buyback will be considered. [Original Link]