- X2Y2, with $5.6B volume, shuts down April 2025, citing NFT market crash, pivoting to AI-powered DeFi.
- Founder confirms smart contracts stay active, urging users to follow his social media for updates on new AI project.
- 90% NFT volume drop forces X2Y2’s “full stop,” as they build a permissionless, AI-driven DeFi product.
NFT marketplace X2Y2 will sunset its operations on April 30, 2025, marking an end to its three-year operation. “The smart contracts will keep running, so you can still interact with them as needed—no rush to pull anything,” wrote the founder on X. The platform has a cumulative trading volume of $5.6 billion, trailing closely behind the largest NFT market after OpenSea.
The abrupt shutdown has sparked curiosity among users given the token price. X2Y2 tokens were heavily tied to this NFT vision. However, the 90% shrinkage of NFT trading volume from its 2021 peak is attributed to one of the…
