Eden Network has announced that it is ceasing operations and will distribute its holdings of 2000 ETH to EDEN token holders.

BlockBeats News, August 13th, Eden Network announced that, "Archer DAO was founded in 2020 with the aim of creating a new revenue stream for Ethereum miners by leveraging MEV (Miner Extractable Value) profits. In July 2021, the Archer DAO community upgraded the project through a governance proposal and rebranded it as Eden Network. Due to the intense competition in the MEV space and high operating costs, after careful consideration and consultation with community members, Eden Network has announced the cessation of operations, and products such as Eden RPC, Eden Bundles, Mempool Stream will immediately cease services.

Currently, Eden Network holds 2,000 ETH, which will be distributed to EDEN holders at a fixed rate of 0.00001506 ETH/EDEN. The exchange will be open from now until September 30th at 23:59 (UTC) for non-U.S. residents only. Token holders who have not staked their tokens are requested to exchange them promptly and withdraw their stakes, with any remaining funds allocated to company liquidation."