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Bitcoin's Rune DEX: OdinSwap and Valhalla Shut Down in 2025, Users Urged to Withdraw Funds
Generated by AI AgentCoin World
Thursday, Feb 20, 2025 2:14 am ET1min read
The Bitcoin network's Rune DEX platform, OdinSwap, and its launch partner, Valhalla, have announced plans to cease operations by February 28, 2025. Users are advised to withdraw their funds before this date to avoid potential losses. The platforms have assured users that their assets are secure, but they must act promptly to avoid any delays or additional fees.
In a statement, OdinSwap confirmed that it will remain operational until the deadline, providing users with sufficient time to withdraw their funds. After February 28, 2025, any remaining balances will be manually refunded, but users should be aware that this process may take up to a month and only balances exceeding the applicable BTC network fees will qualify for reimbursement.
During this transitional phase, OdinSwap is actively seeking strategic partnerships to enhance its ecosystem. The platform welcomes collaborations that can strengthen its position in the market.
Meanwhile, the Bitcoin network has reported a significant decline in transaction volumes. The latest figures show a seven-day moving average of approximately 330,000 transactions, marking a steep decline of 55% from its historical peak. This trend may indicate a shift in user behavior or a decrease in overall network activity.
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