PANews reported on December 16th that the Pryzm team, a yield-generating Layer 1 network, announced that due to the unsustainability of its current economic modelPANews reported on December 16th that the Pryzm team, a yield-generating Layer 1 network, announced that due to the unsustainability of its current economic model
Pryzm will shut down its mainnet in early January 2026, causing its stock price to plummet by nearly 80%.
PANews reported on December 16th that the Pryzm team, a yield-generating Layer 1 network, announced that due to the unsustainability of its current economic model, it will orderly shut down its Layer 1 mainnet in early January 2026. Users will need to complete the merging of Yield Tokens and Principal Tokens and initiate the redemption process for Collateral Tokens within the next few days. Pryzm also plans to provide PRYZM holders with a mechanism to burn tokens in exchange for allocations from upcoming Ethereum DeFi projects. Furthermore, according to Coingecko data, the PRYZM token has fallen by nearly 80% in the past 24 hours, with a market capitalization of only approximately $52,657.57.
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