From $4B peak to shutdown: What Kadena’s fall teaches other L1 blockchains

When Kadena Organization, the company behind the Kadena blockchain, announced it was shutting down operations on Oct. 21, the message was formal, quiet, and devastatingly simple. The company thanked its community, cited “market conditions,” and confirmed that it would cease all business activity and maintenance of the blockchain immediately. In a final note on X, The post From $4B peak to shutdown: What Kadena’s fall teaches other L1 blockchains appeared first on CryptoSlate.