Everclear (CLEAR, formerly Connext) announced via its official X that "the Everclear Foundation has decided to gradually cease operations of its development company and products." In this regard, Everclear stated, "We were developing a solver-based model for rebalancing cross-chain funds. Monthly transaction volume once reached $500 million, but it was difficult to convert to profit. Consequently, we focused on B2B partnerships for the past six months, but it took time for partner companies to start operations, and our funds ran out first. The protocol has been terminated, and remaining deposits have been withdrawn by users and partners. Both the Everclear UI and chain have stopped functioning. Furthermore, after settling debts, if funds remain, we are considering using them as a resource for token buybacks. The buyback amount could be between $50,000 and $200,000, but nothing has been finalized."
