Solana-based smart contract automation protocol, Clockwork, is set to shut down by the end of October due to what its founder, Nick Garfield, describes as a "limited commercial upside." The decision underscores a growing trend of closures within the Solana ecosystem. Clockwork's impending closure is not an isolated event within the Solana ecosystem. Earlier this year, the decentralized finance (DeFi) platforms Friktion and Everlend Finance also closed their doors. Notably, Cardinal, another Solana-based nonfungible token (NFT) protocol, also announced its wind-down in late June, citing economic conditions despite having raised $4.4 million around a year earlier.
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XRP
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BCH
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USD1
$0.999956
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USDE
$0.999711
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GRAM
$1.36
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BTC Dom 56.76 %
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USDT
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BNB
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USDC
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XRP
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SOL
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FIGR_HELOC
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LEO
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ZEC
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