On September 12th, community members of Layer 1 blockchain Vega Protocol voted to shut down the Vega blockchain and its associated token.

As a result, the Vega chain no longer supports any market trading – this decision took effect automatically after the governance vote passed unanimously. Vega launched its first on-chain market after releasing its alpha mainnet in 2023.

In addition to the ongoing transition, Vega's core developers will be supporting a decentralized exchange called Nebula. Nebula is a separate project that uses Vega's core software. Nebula will have its own NEB token, which is planned to be distributed to Vega holders at a 1:1 ratio. (The Block)