Solana-based perpetual DEX FlashTrade halts operations, Solana Co-Founder Responds

BlockBeats News, August 9th, FlashTrade, the perpetual contract protocol founder, Anas, announced the closure of the project and is seeking to sell the existing technology stack to compensate FAF holders.

He attributed the closure to severe internal team disagreements, market contraction, and long-term lack of profitability, stating, "What personally hurt me the most was the foundation's indifference to us," indicating that the Solana Foundation only fully supports one team as it believes this contributes to Solana's success. Anas also emphasized that he does not blame the foundation for the project's failure and admitted to being overly emotional about it.

Solana co-founder Anatoly Yakovenko later responded, stating, "The foundation cannot determine the success of a product. Its main role is to assist in GTM and expanding exposure at product launch. The ultimate conversion of attention to users depends on the product itself."