The Over Foundation announces that it will cease operations of Over Protocol

The Over Foundation has stated that due to financial constraints, it has ceased operations of all Over Protocol infrastructure and services, including OverWallet, OverNode, OverFlex, RPC nodes, block explorers, and related APIs, with no plans for recovery.

Over Protocol is a Layer 1 mainnet that, while designed to be decentralized, is likely unable to continue operating in practice now that the foundation has stopped its services. Block production will depend on whether independent validators continue to run the open-source client, and the foundation cannot guarantee this. The foundation expressed that the original intention of the project was to allow ordinary users to participate in the construction of the Layer 1 network, thanked the community for their support, and expressed regret for not being able to continue the advancement.