Svmuu reported that the cross-chain settlement protocol Everclear announced on platform X the closure of its Foundation, Labs, and product development. The core reason is that although its solver-based cross-chain fund rebalancing model has reached a monthly trading volume of $500 million, user price sensitivity has made it difficult to convert this into substantial revenue. The DAO will continue to operate and explore open-sourcing the protocol. If any remaining funds are available, consideration will be given to a CLEAR token buyback. Currently, the official party has not yet disclosed a specific closure timeline, asset disposal plan, or follow-up arrangements for user funds.