In a recent development, the Bitcoin network’s Rune DEX platform, OdinSwap, has officially announced plans to wind down operations alongside its launch partner, Valhalla. The platforms will remain operational until February 28, 2025, providing users ample time to withdraw their funds. As per the announcement, all user assets are deemed secure, but it is imperative for users to act before the cutoff date. After this deadline, any remaining balances will be manually refunded, incurring the applicable BTC network fees. Processing these refunds may require up to a month, and only balances exceeding the fees will qualify for reimbursement.
Additionally, during this transitional phase, OdinSwap is actively seeking strategic partnerships. The platform invites collaborations that can enhance its ecosystem. Notably, the Bitcoin network has reported a significant decline in transaction volumes, with the latest figures revealing a seven-day moving average of approximately 330,000 transactions, marking a steep decline of 55% from its historical peak.