Dango
It built its own blockchain to run one exchange; both closed within months
A perpetual futures exchange from Left Curve Software, running on its own blockchain with an on-chain order book, a unified margin account and a liquidity vault.
- Capital raised (announced)
Recorded announced backing; this is separate from cash received, customer deposits and money recovered.
- Open interest before the shutdown notice
July 2026 DefiLlama figure reported by Cointelegraph: outstanding futures positions, rather than deposits or revenue.
Funding
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Larry Liu | — | Not established | Oct 2026 |
Timeline
January 2026
Cointelegraph’s closure report dates the chain’s mainnet launch to January. The perpetual-futures exchange came later, in April; the chain and trading service had different launch points.
April 2026
Reports differ on whether the chain itself launched in January or April 2026.
13 April 2026
Reports put the amount taken at roughly $410,000 or $1.9 million.
24 July 2026
29 July 2026
13 August 2026
How it ended
On 24 July 2026 the team said there was no viable path to lasting commercial success; the founder cited cash shortages, legal challenges that slowed the project, the loss of team members and market conditions. Trading stopped on 29 July, with open positions closed at oracle prices and vault deposits returned as USDC. The chain stopped on 13 August, and deposits still on it were to be refunded to their Ethereum addresses.
Still alive
Open spot
Dango is gone. Is your derivatives exchange still running?
Spotlight your project here.
Sources
6 sources behind this page.
- 1Dango's perp DEX taps out nearly 4 months after launch · Cointelegraph · Jul 2026
- 2Dango to wind down operations, halting trading July 29 · Crypto Briefing (syndicated on Bitget News) · Jul 2026
- 3Dango Shuts Down Perpetual DEX With $391K Open Interest Against Hyperliquid's $11 Billion · The Currency Analytics · Jul 2026
- 4Dango Shuts Down Trading and Layer 1 Blockchain Amid 17 Crypto Failures in 2026 · The Currency Analytics · Jul 2026
- 5Posts by @larry0x, 22 to 28 July 2026 (wind-down window) · X (via twitterapi.io)
- 6X account record for @larry0x · X (via twitterapi.io)
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.