Key Takeaways:
Orderly Network, a decentralized exchange liquidity protocol, has initiated a governance vote to deprecate six low-activity chains, including Story and Plume, in a bid to centralize liquidity and improve network efficiency.
"User funds on affected chains will remain fully accessible," the infrastructure provider stated in the May 4 proposal, noting users can withdraw to retained networks like Arbitrum, Base, or Optimism without disruption.
The chains targeted for removal have shown negligible trading volume and zero active builders over the last 90 days. According to proposal data, the total value locked (TVL) on the chains is minimal: Story ($186,000), Plume ($24,000), Monad ($14,000), Abstract ($9,000), and Morph ($975). The sixth chain was not named.
The vote, which runs through May 11, uses a "deprecate-by-default" mechanism. Any chain that fails to secure at least 10% of the total voting power cast in its favor will be removed. This structure places the burden of proof on each chain's advocates to rally support, as voter apathy could lead to automatic deprecation. The proposal leaves the door open for reinstatement through future governance votes if a chain attracts new builders who can project future trading volume.
This article is for informational purposes only and does not constitute investment advice.
