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by: xpoolPosted on: November 30, 2025

Terminal Finance Closure Highlights Risks of Decentralized Exchange Infrastructure

The closure of Terminal Finance, a decentralized exchange (DEX) project incubated by Ethena Labs, highlights the vulnerability of crypto projects dependent on complex blockchain infrastructure. Delays in the launch of Converge, a custom blockchain intended to power the entire Terminal Finance ecosystem, ultimately led to the project’s demise.

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