Cross-chain interoperability protocol Novaswap has announced it will shut down operations on June 30, citing insufficient market demand to sustain its activities. Despite being recognized for its security and functionality, the protocol could not achieve the necessary user base for sustainable operations or expansion to additional blockchains. The team assured users that their funds remain secure and that swap functionality will be available until the shutdown date. Support will continue via Discord until the end of July, ensuring users have assistance during the transition period.