TapTools said June 2 it will wind down over the next two weeks after losing five senior operators this year, including its co-founders, COO, CTO and the backend developer who had stepped into the CTO role. The 2022-launched Cardano analytics platform said the remaining team no longer has the technical knowledge to responsibly maintain the product, and pointed to infrastructure, development and support costs as another pressure point while leaving the door open to acquisition or outside backing. It lands after JPG.Store’s May 23 shutdown and the Cardano Foundation’s canceled 2026 Summit, putting Cardano’s governance and ecosystem funding model under sharper pressure.

TLDR by @Benthic