DeFi Superapp Legend Announces Shutdown Over Sustainability Issues

Crypto-focused decentralized finance app Legend has announced it will shut down after nearly two years of operation. The platform aimed to make DeFi more accessible by enabling users to manage their crypto activities in a single app, rather than relying on multiple wallets and services.

Although the app attracted a user base, the company said it could not achieve the growth needed to sustain operations in the long run. Co-founder Jayson Hobby said closing the platform was the right decision for the company, its team, and investors.

Source: Legend