Satori Finance Shuts Down Amid Insufficient Revenue

Satori Finance is shutting down its decentralized exchange operations after processing more than $134 billion in cumulative perpetual futures volume since launch. The platform cited insufficient revenue and prolonged unfavorable market conditions as reasons for the shutdown.

The closure affects a protocol that once served over 600,000 traders across multiple blockchain networks. Satori offered leveraged perpetual futures trading with up to 25x leverage and expanded to networks including Polygon zkEVM, Zircuit, BNB Chain, Arbitrum, Scroll, and Optimism.

Data from DeFiLlama shows that Satori currently holds about $1.2 million in total value locked. The protocol held as much as $6.7 million during 2024. Satori generated roughly $3 million in annualized fees before announcing the shutdown.