Foresight News|Jun 05, 2026 03:52
[Mynth: Novaswap to Cease Operations on June 30]
Foresight News reports that Mynth, the developer of the multi-chain trading protocol Novaswap, announced via a tweet that it will cease operations of Novaswap on June 30. The official statement noted that while the protocol has performed well in terms of security and functionality, the actual market demand for a fast and secure cross-chain experience has not been sufficient to support continued expansion. The team explored various potential paths but ultimately decided to shut down. All user funds are in a non-custodial state, remain secure, and require no action. The exchange function will remain operational until June 30, and Discord support will continue until the end of July.
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