Svmuu News: Satori Finance, a multi-chain decentralized exchange backed by Polychain Capital, Coinbase Ventures, and other investors, has announced that it will cease operations and begin the shutdown process. The company stated that due to “prolonged adverse market conditions,” the platform’s revenue is insufficient to sustain ongoing operations, and it has therefore decided to gradually wind down its business.Users must complete asset withdrawals by 23:59 UTC on July 16; after that, the platform will no longer be accessible. In 2022, Satori Finance completed a $10 million seed funding round led by Polychain Capital, with participation from Coinbase Ventures, Jump Crypto, and others. The platform was deployed across multiple networks, including Arbitrum,Optimism, and BNB Chain, and at one point promoted 25x leverage and a “point mining” incentive model. (The Block)