X2Y2, once a leading market for non -loot tokens (NFT) will close on April 30, ending a three -year race which saw the Burablely Trail Opensea scholarship only in negotiation volume during the Boom of the NFT of 2021.
The decision occurs while the wider NFT market continues to deflate. Negotiation volumes have dropped almost 90% since their peak, the team wrote in an article, and X2Y2 had trouble maintaining the effects of the network essential to the success of the market.
“The markets live or die by the effects of the network,” wrote the founder TP in an article. “After three years, it is clear that it is time to move on.”
X2Y2 started at the beginning of 2022 and reached $ 5.6 billion in trading volume of all time, according to Tokenterminal data.
Intelligent contracts related to the platform will remain operational, but users are encouraged to withdraw assets or transition activities on the stop date. The price of the native to the market x2Y2 is down 10.7% on the announcement to negotiate itself at just over $ 0.001. The token has lost 97.7% of its value in the past two years.
The team said they had a new project involving decentralized financial tools fed by AI.
