Following $8B in trading volume and $10M in fee revenue over the past year, Adrena will halt new feature development and open source its code for possible community-led continuity.
Solana-based perpetual decentralized exchange Adrena has entered maintenance mode, ceasing new feature development despite achieving $8 billion in trading volume and $10 million in fee revenue in the past year. Struggling with funding and facing strong competition, the team plans to open-source the platform’s code to encourage community-led development. Existing services such as liquidity pools, token vesting, staking, and data operations will remain active.