Odos to shut down on July 30, 2026 as app turns read-only July 27

Odos is winding down operations, with its app set to enter read-only mode on July 27 and all services scheduled to shut permanently on July 30, 2026. The company said the protocol is non-custodial, meaning assets remain on-chain and under user control, but users who created wallets through social or email logins must transfer assets or export their private keys before the deadline. New signups, wallet creation and limit orders were disabled with the announcement, while swaps continue until the app becomes read-only. The company gave no reason for the shutdown. It said the ODOS token, which was launched in December 2024 through an airdrop to 494,278 addresses, is unaffected onchain, and that the Odos DAO operates separately from the company. The team also warned that any token migration, claim or airdrop offers circulating after the shutdown are scams. The closure follows a steep decline in trading activity after Odos peaked at $7.85 billion in monthly volume in December 2024, when it ranked among the top five DEX aggregators behind Jupiter, 1inch and CoW Swap, according to DefiLlama. Monthly volume later fell to $2.27 billion in December, $553 million in May, $403 million in June and $170 million so far in July, leaving Odos ranked No. 24 by daily volume. Odos said it routed more than $104 billion in trades over four years. The ODOS token traded at $0.001, down 98% from its all-time high set the day after launch, with a market capitalization of $1.6 million; it was down 1.4% over 24 hours. Built by Semiotic Labs, a core developer of The Graph, Odos launched in 2022 around a proprietary Smart Order Routing algorithm designed to search non-linear swap paths across about 900 liquidity sources on roughly 15 EVM chains. It was also the first aggregator to support multi-token inputs in a single transaction. The wind-down comes despite a Series A completed in August 2024 with backing from Uniswap, CE Innovation Capital, Orbs, Mantle and PAKA. The amount was not disclosed. Odos joins a broader wave of crypto closures this month, including BitMEX, Zapper and Ctrl Wallet, as wallet-native swaps and solver-based systems intensify competition for order flow.