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Over Protocol’s lights go out, leaving a “decentralized” shell behind
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Over Protocol’s lights go out, leaving a “decentralized” shell behind
Over Foundation says “insurmountable financial constraints” forced it to permanently cease operations, killing OverWallet, OverNode, OverFlex, RPC endpoints, block explorers, and public APIs with immediate effect.The Layer 1 was pitched as a way for ordinary users to run validators on personal computers, but with all foundation‑run infra offline, the chain’s survival now depends entirely on whether independent node operators keep producing blocks.The shutdown folds Over Protocol into a growing list of underfunded L1s and DeFi projects that failed to outlast the consolidation cycle, exposing how fragile foundation‑dependent “decentralization” becomes once the treasury runs dry.v
2026-04-28 Source:crypto.news
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