Dango layoffs — Jul 25, 2026

Dango Lays Off 100% of Its Workforce as It Shuts Down DEX and Layer 1 on July 27, 2026

Dango is shutting down its decentralized exchange (DEX) and Layer 1 blockchain, resulting in the layoff of its entire workforce. The company announced the wind-down on July 27, 2026, but did not disclose the number of jobs affected. Dango said the project no longer had a path to lasting commercial success.

The shutdown includes two deadlines for users. Trading will stop on Wednesday, July 29, at 12 p.m. UTC, with remaining positions set to close at the oracle price. Deposits in liquidity provider vaults will unlock, and the team said balances will be returned in USDC to users’ spot accounts. Dango’s Layer 1 blockchain is scheduled to stop running on Wednesday, August 13, at 12 p.m. UTC. Deposits remaining at that point will be returned to their original Ethereum addresses.

Founder Larry attributed the decision to several financial, operational and market pressures rather than a single issue. “Since the launch in April, our team has faced strong headwind: cash running out, legal/compliance challenges that led to large delays in our ability to ship new features, the resulting lose of growth momentum, lose of talents from the team, and the overall highly adverse market conditions,” he said.

Dango operated both a Layer 1 blockchain and a decentralized exchange, launching perpetual futures trading in April, only months before the closure announcement. The company told users that their funds were safe and that withdrawal limits would be lifted shortly, while warning that liquidity was expected to be thin and users should be careful of slippage. The planned shutdown dates represent the available forward-looking timeline for the platform and blockchain.

Sources: BeInCrypto