Over Protocol announced the termination of its operations and the cessation of all infrastructure services due to a shortage of funds.

CoinFeed reported on April 29th that, according to official sources, the Over Foundation announced that due to a shortage of funds, it has ceased operations of all Over Protocol infrastructure and related services, including OverWallet, OverNode, OverFlex, RPC endpoints, block explorers, and APIs, with no plans to resume operations. The Foundation stated that although Over Protocol was designed as a decentralized Layer 1 mainnet, with the termination of its services, the chain is highly likely to become unusable in practice. The continued generation of blocks depends on whether independent validators run open-source client software, an outcome the Foundation cannot guide or guarantee.