Suiet Wallet to Shut Down Amid Ecosystem Decline
Self-custodial wallet Suiet has announced it will shut down on Nov. 14, following a drop in active users across the Sui ecosystem.
Self-custodial wallet Suiet is set to shut down on Nov. 14, marking the latest exit from the Sui ecosystem amid a sharp decline in active users. According to Cointelegraph, the platform will keep its application programming interface (API) services running until the closure date.
Ecosystem Decline
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The closure comes as decentralized finance metrics on the network face downward pressure. Over the past month, the total value locked within Sui's decentralized finance protocols has fallen by more than 22%.
Key facts
- Suiet will shut down operations on Nov. 14.
- API services will remain operational until the November closure date.
- Sui decentralized finance total value locked has decreased by more than 22% over the past month.
Source: cointelegraph.com
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