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Two-Years Ethereum Onboarding Solution Startup UniLogin Is Shutting Down Because Of High Gas Fee
Summary: UniLogin, an Ethereum onboarding solution provider, today announced it is shutting down due to high gas fees after two years of operation. The founder Alex Van de Sande explained the reason is not necessarily out of money, but the current Ethereum gas market, he said, "some days the cost of onboarding a user was going ...
UniLogin, an Ethereum onboarding solution provider, today announced it is shutting down due to high gas fees after two years of operation.
The founder Alex Van de Sande explained the reason is not necessarily out of money, but the current Ethereum gas market, he said, "some days the cost of onboarding a user was going over $130." On the other hand, DeFi, yield farming has changed the industry significantly enough that they cannot find a way forward with the project.
The startup will continue running relayers at least until the end of the year to facilitate users migrating their interfaces and funds. The development team is finding a bridge investment and changing to other routes.
BY Mary Liu
Tags: Ethereum,gas fee,UniLogin
Link: Two-Years Ethereum Onboarding Solution Startup UniLogin Is Shutting Down Because Of High Gas Fee [Copy]
