Satori 

What is the Satori Finance perp DEX?

Satori Finance was a decentralized perpetual futures exchange (perp DEX) that paired off-chain order matching with on-chain settlement to deliver CEX-style execution under self-custody. The platform offered up to 25x leverage and operated across Polygon zkEVM, Zircuit, BNB Chain, Arbitrum, Scroll, and Optimism. Satori targeted professional derivatives traders and processed more than $134 billion in cumulative perps volume. The project shut down on July 16, 2026 after the team cited insufficient revenue, and no token was ever issued.

Is Satori Finance shut down?

Yes. The Satori team announced the wind-down on June 16, 2026, citing insufficient revenue and prolonged unfavorable market conditions. The platform ceased operations on July 16, 2026 at 23:59 UTC. Users were instructed to close positions and withdraw assets before the deadline. Shutdown coverage reported the raised capital had been effectively depleted. Satori's official website is offline following the closure.

Did Satori Finance ever launch a token?

No. Satori never issued a token and never held a token generation event (TGE). The protocol ran two points-farming seasons ahead of a widely anticipated airdrop — many traders expected a TGE in Q4 2025 — but no allocation schedule was ever published and no on-chain token contract exists. The anticipated token never materialized before the June 2026 shutdown announcement.

What happened to Satori points and the planned airdrop?

Points earned across both seasons were never converted into tokens. Season 1 began on April 1, 2024, rewarding trading volume, Total Value Locked (TVL) deposited, and completed trades. Season 2 started on February 19, 2025, adding deeper gamification and new trading modes. When Satori wound down in June 2026, accrued points became unredeemable and the community's airdrop expectation went unfulfilled.

Could Satori users withdraw their funds?

Withdrawals remained open until the shutdown deadline. The Satori team instructed users to close all positions and withdraw assets before July 16, 2026 at 23:59 UTC, stating that user assets remained fully safe and under user control. Because Satori settled trades on-chain under a self-custody model, assets were held in users' own wallets rather than a custodial exchange pool.

Who invested in Satori Finance?

Satori raised a $10 million Seed Round on May 16, 2022, led by Polychain Capital at a reported ~$100 million valuation. DropsTab fundraising data lists Coinbase Ventures and Jump Crypto among the investors, alongside Blockchange Ventures, D1 Ventures, C2Ventures, Portal Ventures, and Polkadot-ecosystem backers Astar Network, Acala, Parallel Finance, and Clover Finance. Gavin Wood participated as an angel investor.

What does Satori's shutdown signal about VC-backed perp DEXs?

Satori's collapse illustrates concentration risk in VC-funded perp DEX models through an extended market downturn. Roughly four years separated the $10 million raise from the shutdown, and coverage of the closure reported the raised capital was effectively depleted. The protocol produced insufficient revenue despite processing over $134 billion in cumulative volume — a combination that made sustained operations unviable.

Is Satori Finance the same as Satori Network (SATORI)?

No. Satori Finance was the shut-down perp DEX described above, and it never issued a token. Satori Network (ticker SATORI) is an unrelated peer-to-peer privacy and mining network that still appears on price aggregators. Most "Satori price" search results refer to Satori Network, not to Satori Finance. A non-crypto data-streaming company shares the Satori name as well.