DeFi platform Vestige will shut down on December 31 and will burn the remaining VEST tokens.

DeFi platform Vestige Labs will shut down all operations—including its website, API, and swap aggregator—on December 31, 2026, citing persistently insufficient trading volume on Algorand that left the business unable to cover operating costs. The team said it had delayed the closure as long as possible but the platform has been loss-making for an extended period, and it urged developers and third-party apps relying on its API to migrate before the deadline. Assets in users' self-custody wallets are unaffected, while funds deposited in Vaults remain accessible via legacy.vestige.fi. Vestige will burn all remaining VEST tokens in the project treasury along with the VEST liquidity tokens it holds. The platform, which evolved from TinyChart, processed more than $200 million in cumulative swap volume through its aggregator. The wind-down highlights the difficulty of sustaining DeFi infrastructure on smaller chains, and the key things to watch are whether Algorand trading activity recovers and how much of the VEST supply the burn removes.