BlockBeats News, May 22, the cross-chain settlement protocol EverclearOrg announced the closure of the foundation, Labs, and product development. The core reason was that its solver-based cross-chain fund rebalancing model, despite reaching a monthly $500 million transaction volume, faced user price sensitivity, making it difficult to convert into substantial revenue.

The announcement stated that the pivot to B2B2C partner collaborations over the past six months did not materialize in a timely manner, and acquisition options also failed. After the funds were depleted, a decision was made to shut down in an orderly manner. The protocol has been taken offline, with no user funds trapped, and the UI and chain are currently unavailable.

The DAO will continue to operate and explore protocol open-sourcing. If there is remaining funding, a CLEAR token buyback will be considered.