Decentralized exchange Terminal Finance has officially abandoned its launch plans following the failure of the Converge blockchain to materialize. The project, which was incubated by Ethena Labs and designed as a fixed-rate lending protocol, cited the inability of the underlying infrastructure dependency to launch as the primary reason for ceasing operations. The cancellation underscores the significant operational risks associated with building on unreleased or emerging layers within the crypto ecosystem. According to reports from The Block, the project's dependency on the Converge network rollout made it impossible to proceed when that core infrastructure did not go live as expected. [Update 1] Additional reporting confirms that Terminal Finance has fully cancelled its launch. The team highlighted that the failure of the Converge chain was the sole blocker, effectively stalling the project's roadmap indefinitely.