Key facts Satori Finance announced on 16 June 2026 that it will wind down its decentralised exchange. A decentralised exchange (DEX) lets users trade without a central intermediary. The team blamed prolonged unfavourable market conditions and revenue that no longer supports the business. The platform stays online until 16 July 2026, 23:59 UTC, when operations stop and access to remaining assets may end. Withdrawals remain open throughout the one-month window.
The DEX processed $134 billion in lifetime volumeSatori handled $134 billion in cumulative perpetual futures volume since launch. It raised $10 million in seed funding in May 2022, in a round led by Polychain Capital with Coinbase Ventures and Jump Crypto. Recent activity had slowed sharply. Trading volume reached $3.2 billion over the past 30 days, and open interest stood near $559,000.
Deposits fell to $1.2 million before the shutdownTotal value locked dropped to about $1.2 million, down from a $6.7 million peak in 2024, according to DeFiLlama. The protocol generated roughly $3 million in annualised fees before the decision. Satori served more than 600,000 traders and offered up to 25x leverage across networks including BNB Chain, Arbitrum and Optimism.
Satori urged traders to withdraw before the deadlineSatori told users to close open positions and move funds before 16 July. The team said deposits stay under user control during the wind-down and reported no hack or loss of customer funds. Closing a leveraged position may require extra collateral and can settle profits or losses before the balance becomes withdrawable.
"We have made the difficult decision to wind down Satori Finance operations", 16 June 2026.
— Satori Finance team, official announcement
The closure follows other 2026 shutdowns, including Bitcoin layer-2 network Botanix and payments platform Pyra. A prolonged market downturn has pressured smaller crypto protocols throughout the year. Satori handled $134 billion in cumulative perpetual futures volume since launch. It raised $10 million in seed funding in May 2022, in a round led by Polychain Capital with Coinbase Ventures and Jump Crypto. Recent activity had slowed sharply. Trading volume reached $3.2 billion over the past 30 days, and open interest stood near $559,000.
Deposits fell to $1.2 million before the shutdownTotal value locked dropped to about $1.2 million, down from a $6.7 million peak in 2024, according to DeFiLlama. The protocol generated roughly $3 million in annualised fees before the decision. Satori served more than 600,000 traders and offered up to 25x leverage across networks including BNB Chain, Arbitrum and Optimism.
Satori urged traders to withdraw before the deadlineSatori told users to close open positions and move funds before 16 July. The team said deposits stay under user control during the wind-down and reported no hack or loss of customer funds. Closing a leveraged position may require extra collateral and can settle profits or losses before the balance becomes withdrawable.
"We have made the difficult decision to wind down Satori Finance operations", 16 June 2026.
— Satori Finance team, official announcement
The closure follows other 2026 shutdowns, including Bitcoin layer-2 network Botanix and payments platform Pyra. A prolonged market downturn has pressured smaller crypto protocols throughout the year. Total value locked dropped to about $1.2 million, down from a $6.7 million peak in 2024, according to DeFiLlama. The protocol generated roughly $3 million in annualised fees before the decision. Satori served more than 600,000 traders and offered up to 25x leverage across networks including BNB Chain, Arbitrum and Optimism.
Satori urged traders to withdraw before the deadlineSatori told users to close open positions and move funds before 16 July. The team said deposits stay under user control during the wind-down and reported no hack or loss of customer funds. Closing a leveraged position may require extra collateral and can settle profits or losses before the balance becomes withdrawable.
"We have made the difficult decision to wind down Satori Finance operations", 16 June 2026.
— Satori Finance team, official announcement
The closure follows other 2026 shutdowns, including Bitcoin layer-2 network Botanix and payments platform Pyra. A prolonged market downturn has pressured smaller crypto protocols throughout the year. Satori told users to close open positions and move funds before 16 July. The team said deposits stay under user control during the wind-down and reported no hack or loss of customer funds. Closing a leveraged position may require extra collateral and can settle profits or losses before the balance becomes withdrawable.
"We have made the difficult decision to wind down Satori Finance operations", 16 June 2026.
— Satori Finance team, official announcement
The closure follows other 2026 shutdowns, including Bitcoin layer-2 network Botanix and payments platform Pyra. A prolonged market downturn has pressured smaller crypto protocols throughout the year. "We have made the difficult decision to wind down Satori Finance operations", 16 June 2026.
— Satori Finance team, official announcement
The closure follows other 2026 shutdowns, including Bitcoin layer-2 network Botanix and payments platform Pyra. A prolonged market downturn has pressured smaller crypto protocols throughout the year. The closure follows other 2026 shutdowns, including Bitcoin layer-2 network Botanix and payments platform Pyra. A prolonged market downturn has pressured smaller crypto protocols throughout the year. The closure follows other 2026 shutdowns, including Bitcoin layer-2 network Botanix and payments platform Pyra. A prolonged market downturn has pressured smaller crypto protocols throughout the year. Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.