- The decision ends Kadenaโs business operations and support services.
- Projectโs valuation declined sharply due to market pressures.
- Kadena blockchain will still operate in a decentralized fashion.
Kadena announced its immediate shutdown due to unsustainable market conditions. Despite the companyโs closure, the blockchain will continue operating in a decentralized manner. Kadenaโs valuation plummeted from $4 billion to $30 million, impacting its KDA token sharply.
Kadena announced on October 21, 2025, the immediate cessation of business operations due to unsustainable market conditions. The action affects the Kadena Foundationโs active maintenance, but the blockchain remains live.
Business Operations Cease
Kadena, a Layer-1 blockchain founded by ex-JPMorgan and SEC executives, has announced the termination of all business operations due to market challenges. The Kadena Foundation will cease active maintenance of the platform.
The decision was communicated via the companyโs official X (Twitter) account, expressing regret over the inability to sustain operations. The shutdown leaves the blockchainโs decentralized infrastructure, managed by miners and the community, intact.
โWe regret to announce that the Kadena organization is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.โ โ Kadena Team, Official Statement, Kadena
Impact on Token Value
Following the announcement, Kadenaโs token value plummeted, exposing the volatility in the cryptocurrency market.
This drop underscores the potential financial risk associated with crypto investments.
Market analysts note that similar past events, such as those involving Parity Technologies, prompted increased scrutiny of governance in blockchain projects. Miners and node operators will now oversee Kadenaโs continued operation, mitigating some of the marketโs uncertainty.
Speculation on Future PoW Chains
Cryptocurrency industry observers foresee potential shifts in investor confidence regarding Proof-of-Work (PoW) chains following Kadenaโs closure. The situation presents challenges yet also opportunities for technological and governance innovations within decentralized networks.
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