Crypto
Odos Protocol Shuts Down Amid Declining Volumes
Odos Protocol has announced that it will be shutting down its operations on July 30. Users have been given one week to withdraw their assets, but no reason was provided for this decision by the team.
The DEX aggregator's volume has been declining over the past two years, falling from $7.8 billion in December 2024 to $169 million in July 2026. This marks a significant drop of 98% in just over two years.
The protocol generated an annualized revenue of $2.72 million, according to DefiLlama data. It's worth noting that several other crypto platforms and decentralized finance (DeFi) protocols have announced closures in recent months.