Vertex plans to migrate its DEX to L2 network Ink and gradually phase out its native token VRTX

Odaily Planet Daily News Vertex Protocol, an Arbitrum-based decentralized trading platform focusing on perpetual contracts and money markets, will gradually shut down its existing EVM deployment and rebuild its DEX on the L2 network Ink incubated by Kraken. It is reported that the Ink Foundation will receive Vertex's engineering team and its trading technology architecture, including synchronized order books, perpetual contract engines, and money market codes. As part of this migration, Vertex developers will also gradually phase out its native token VRTX. (The Block)