Satori Finance, a decentralized exchange (DEX) backed by Polychain Capital and Coinbase Ventures, has announced its closure due to ongoing unfavorable market conditions. The platform, which had raised $10 million in a seed round, cited insufficient revenue to sustain operations as the primary reason for its shutdown. Users are required to withdraw their funds by July 16, 23:59 UTC, after which the platform will cease operations. The DEX, which once boasted a total value locked (TVL) of $6.7 million in 2024, saw its TVL plummet to $1.2 million. Despite claiming over 600,000 traders and a cumulative trading volume of $134 billion, recent activity has dwindled, with only $320 million traded in the past 30 days and open interest at $559,000. Satori Finance had engaged in the "points farming" trend to attract users, but ultimately could not maintain financial viability.