The Kadena blockchain has ceased all business operations due to persistent market pressures, causing the company’s valuation to plummet from $4 billion to just $30 million. Despite the closure of its business operations, the blockchain will continue to operate independently thanks to the efforts of miners and community members. The decision was announced by the Kadena Foundation on October 21st, 2025, marking a significant turn for the project after an active period of development and operation. The company’s shutdown leaves its token value significantly impacted, underscoring the volatility inherent in cryptocurrency markets. However, while Kadena is ceasing all business activity, its decentralized infrastructure remains intact, managed by miners and community participants who will carry on the blockchain’s operations.