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Over Foundation to Permanently Halt Over Protocol Services

Over Foundation said on April 28 it has shut down all Over Protocol infrastructure and services due to financial constraints, with no plans to restore operations. The closure covers OverWallet, OverNode, OverFlex, RPC nodes, the block explorer, and related APIs. Over Protocol is a decentralized Layer 1 mainnet, but the foundation's exit raises questions about the network's practical viability. Ongoing block production will hinge on whether independent validators continue running the open-source client, something the foundation said it cannot guarantee. The foundation said the project was created to let everyday users participate in building a Layer 1 network. It thanked the community for its support and said it regrets being unable to continue.
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