OdinSwap And Valhalla To Cease Operations By February 2025

According to BlockBeats, the Bitcoin network's decentralized exchange platform OdinSwap and the launch platform Valhalla have announced plans to gradually cease operations. The platforms will continue to operate until February 28, 2025, ensuring that all user funds remain secure. Users are advised to withdraw their funds by this date. After February 28, any unclaimed balances will be refunded manually, subject to applicable Bitcoin network fees. The refund process may take up to a month to complete and will only apply to balances exceeding the network fees. During this transition period, OdinSwap remains open to strategic partnerships and invites potential partners interested in integrating the platform to reach out. Previously, BlockBeats reported that as of February 15, the seven-day moving average of Bitcoin network transactions had decreased to 330,000, nearing a 12-month low. This marks a significant 55% drop from the historical peak of 730,000 transactions on the network. Additionally, the fees generated by Runes over the past 30 days have fallen to less than $20,000, a stark contrast to the $60 million generated on its launch day.