DeFi Sector Sees Protocol Shutdown Amidst Surging RWA Trading Popularity
DeFi Sector Sees Protocol Shutdown Amidst Surging RWA Trading Popularity
The cryptocurrency ecosystem is experiencing mixed developments. The Odos Protocol has announced its shutdown, giving users until July 30 to withdraw assets, without stating a reason. Conversely, tokenized Real World Assets (RWAs) are gaining significant traction, becoming the largest trading category on Hyperliquid, a decentralized exchange, and now account for over half of its weekly trading volume.
Odos Protocol will shut down on July 30, giving users one week to withdraw assets. The team did not provide a reason for the decision.
Tokenized RWA trading became Hyperliquid’s largest trading category for the first time, accounting for more than half of the decentralized exchange’s weekly trading volume.