Guarding billions in assets, yet unable to sustain itself: Tally bids a dignified farewell after five years
Original Title: Tally Officially Shuts Down: After 5 Years, It Couldn’t Hold On Any Longer
Original Author: Ma He, Foresight News
The crypto community received a heavy piece of news today.
On March 17, Tally's official X account published a long message, where founder Dennison Bertram candidly stated that the company would officially close, and the previously planned ICO was completely canceled. After more than five years of operation, this team, which once provided core infrastructure for decentralized governance, chose the most honest yet difficult way to exit.
On the left is CEO Dennison Bertram, on the right is CTO Rafael Solari
After the announcement on X, countless DAO members, developers, and project parties that relied on Tally to operate steadily during the bear market left comments like "the legend comes to an end," "salute," and "heartbroken." Tally did not suddenly collapse; it reached the point of "having to admit reality."
Why Did It Come to This?
The answer is actually hidden in the most straightforward sentence in the announcement: "Currently, at least for now, there is no sustainable business model supported by VC that focuses on decentralized protocol governance tools."
From its inception, Tally bet on a specific future—the Ethereum "infinite garden" vision: thousands of decentralized protocols, millions of active participants, and a robust governance system operating on a large scale. They believed that the crypto world would need a complex and sophisticated coordination and governance infrastructure, just as the traditional internet needs Slack, Notion, and Airtable.
Reality, however, dealt them a heavy blow.
In recent years, the crypto industry has indeed produced giant success stories, but the product-market fit has almost entirely concentrated in the two tracks of payment and speculation. Consumer applications, protocol communities, and organizations that truly need heavy governance have not grown to a scale that supports the survival of an infrastructure company. Tally did not lack effort; they spent five whole years advocating for DAOs, but when the market did not provide enough nourishment, even the firmest beliefs could not withstand reality.
The announcement clearly states: "You must accept the world as it is, not as you wish it to be." This sentence is both cruel and sobering. The governance tool track has not yet reached its time, and Tally chose to proactively cut losses rather than stubbornly sell tokens and make unfulfillable promises. This restraint is particularly precious in the current restless crypto market.
Looking at those projects still preparing to sell tokens, still trying to harvest the last bit of liquidity, it feels particularly ironic.
But shutting down does not equal failure. On the contrary, Tally's achievements are enough for the entire industry to remember them.
In five years, the total payments processed through Tally's infrastructure exceeded $1 billion; the systems they helped operate protected over $80 billion in value; more than 1 million people have visited the platform; hundreds of organizations achieved self-governance through Tally; and tens of millions of token holder addresses cast proposal votes here.
Even more impressively: they never experienced a single major security incident.
In the crypto world, this is almost a miracle. DDoS attacks, ongoing infrastructure pressure, the gray areas of regulation during the Gensler era... Tally withstood all the tests it had to face and successfully protected the entire ecosystem. Whether it was top DeFi projects or the once-infamous Ooki DAO, they were all users of Tally. Tally demonstrated through action that decentralized governance can work on a large scale.
The team is Tally's most valuable legacy.
According to public information, Tally's founding core is very capable. Co-founder and CEO Dennison Bertram is a crypto OG who founded an early btc-42">Bitcoin exchange (BuyBTC) in the Czech Republic and later founded DappHero. Another co-founder and CTO Rafael Solari has a computer science background from the University of California, Berkeley, and previously worked as an engineer at Namebase. They focused on governance contracts, smart contract security, and infrastructure development.
Dennison repeatedly emphasized in the text: "Tally's team is one of the top engineers and operators in the crypto field." Raph (co-founder) and he will stay for a short time to handle the wrap-up, but the entire team is already actively seeking new opportunities.
Governance applications will begin to gradually shut down by the end of this month. Enterprise-level partners have continuity plans, while small organizations, due to decentralization principles, did not leave contact information and can only rely on this post for self-rescue. The interface will remain for a while to give everyone a buffer.
Looking back at Tally's five years, they were not the protagonists of the crypto future, but they have undeniably written themselves into crypto history. Dennison said: "Tally may not become a part of the crypto future, but we were part of its story. That is important."
This sentence expresses the sentiments of many veterans.
Crypto is no longer "early." Institutional entry, government endorsement, infrastructure... these once "successful imaginations" are becoming reality, while also exposing new challenges. Tally's shutdown coincides with this turning point: it reminds everyone that the vision is beautiful, but execution is more brutal; dreams can be postponed, but cannot run in circles forever.
They once stood when DeFi needed support the most, withstood attacks, maintained security, and made governance truly land.
Now, they choose to turn away.
The story of crypto continues, but this chapter of Tally has come to a close.
You may also like

2% user contribution, 90% trading volume: The real picture of Polymarket

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

Iran War Stalemate: What Signal Should the Market Follow?

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?

Insider Trading Alert! Will Trump Call a Truce by End of April?

After establishing itself as the top tokenized stock, does Ondo have any new highlights?

BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore

OpenClaw Founder Interview: Why the US Should Learn from China on AI Implementation
WEEX AI Wars II: Enlist as an AI Agent Arsenal and Lead the Battle
Where the thunder of legions falls into a hallowed hush, the true kings of arena are crowned in gold and etched into eternity. Season 1 of WEEX AI Wars has ended, leaving a battlefield of glory. Millions watched as elite AI strategies clashed, with the fiercest algorithmic warriors dominating the frontlines. The echoes of victory still reverberate. Now, the call to arms sounds once more!
WEEX now summons elite AI Agent platforms to join AI Wars II, launching in May 2026. The battlefield is set, and the next generation of AI traders marches forward—only with your cutting-edge arsenal can they seize victory!
Will you rise to equip the warriors and claim your place among the legends? Can your AI Agent technology dominate the battlefield? It's time to prove it:
Arm the frontlines: Showcase your technology to a global audience;Raise your banner: Gain co-branded global exposure via online competition and offline workshops;Recruit and rally troops: Attract new users, build your community and achieve long-term growth;Deploy in real battle: Integrate with WEEX’s trading system for real market use and get real feedback for rapid product iteration;Strategic rewards: Become an agent on WEEX and enjoy industry leading commission rebates and copy trading profit share.Join WEEX AI Wars II now to sound the charge!
Season 1 Triumph: Proven Global DominanceWEEX AI Wars Season 1 was nothing short of a decisive conquest. Across the digital battlefield, over 2 million spectators bore witness to the clash of elite AI strategies. Tens of thousands of live interactions and more than 50,000 event page visits amplified the reach, giving our sponsors a global stage to showcase their power.
Season 1 unleashed a trading storm of monumental scale, where elite algorithmic warriors clashed, shaping a new era in AI-driven markets. $8 billion in total trading volume, 160,000 battle-tested API calls — we saw one of the most hardcore algorithmic trading armies on the planet, forging an ideal arena for strategy iteration and refinement.
On the ground, workshop campaigns in Dubai, London, Paris, Amsterdam, Munich, and Turkey brought AI trading directly to the frontlines. Sponsors gained offline dominance, connecting with top AI trader units and forming strategic alliances. Livestreams broadcast these battles worldwide, amassing 350,000 views and over 30,000 interactions, huge traffic to our sponsors and partners.
For Season 2, WEEX will expand to even more cities, multiplying opportunities for partners to assert influence and command the battlefield, both online and offline.
Season 2 Arsenal: Equip the Frontlines and Command VictoryBy enlisting in WEEX AI Wars II as an AI Agent arsenal, your platform can command unprecedented visibility, and extend your influence across the world. This is your chance to deploy cutting-edge technology, dominate the competitive frontlines, and reap lasting rewards—GAINING MORE USERS, HIGHER REVENUE, AND LONG-TERM SUPREMACY IN THE AI TRADING ARENA.
Reach WEEX’s 8 million userbase and global crypto community. Unleash your potential on a global stage! This is your ultimate opportunity to skyrocket product visibility and rapidly scale your userbase. Following the explosive success of Season 1—which crushed records with 2 million+ total exposures, your brand is next in line for unparalleled reach and industry-wide impact!Test and showcase your AI Agent in real markets. Throw your AI Agents into the ultimate arena! Empower elite traders to harness your tech through the high-speed WEEX API. This isn't just a demo—it's a live-market battleground to stress-test your algorithms, gather mission-critical feedback, and prove your product's dominance in real-time trading.Gain extensive co-branded exposure and traffic support. Command the spotlight! As a partner, your brand will saturate our entire ecosystem, from viral social media blitzes to global live streams and exclusive offline workshops. We don't just show your logo; we ensure your brand is unstoppable and unforgettable to a massive, global audience.Enjoy industry leading rebates. Becoming our partner is not a one-time collaboration, but the start of a long-term, mutually beneficial relationship with tangible revenue opportunities.Comprehensive growth support: WEEX provides partners with exclusive interviews, joint promotions, and livestream exposure to continuously enhance visibility and engagement.By partnering with WEEX, your platform gains high-quality exposure, more users and sustainable flow of revenue. The Hackathon is more than a competition. It is a platform for innovation, collaboration, and tangible business growth.
Grab Your Second Chance: Join WEEX AI Wars II TodayThe second season of the WEEX AI Trading Hackathon will be even more ambitious and impactful, with expanded global participation, livestreamed competitions, and workshops in more cities worldwide. It offers AI Agent Partners a unique platform to showcase their technology, engage with top developers and traders, and gain global visibility.
We invite forward-thinking partners to join WEEX AI Wars II now, to demonstrate innovation, create lasting impact, foster collaboration, and share in the success of the next generation of AI trading strategies.
About WEEXFounded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.
Follow WEEX on social mediaX: @WEEX_Official
Instagram: @WEEX Exchange
Tiktok: @weex_global
Youtube: @WEEX_Official
Discord: WEEX Community
Telegram: WeexGlobal Group

Nasdaq Enters Correction Territory | Rewire News Morning Brief

OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox

One-Year Valuation Surged 140%, Who Is Signing the Check for Defense AI?

Bittensor vs. Virtuals: Two Distinct AI Flywheel Mechanisms

Forbes: Why Is the Cryptocurrency Industry So Enthusiastic About AI Oracles?

Ethereum Foundation publishes: Restructuring the division of labor between L1 and L2, jointly building the ultimate Ethereum ecosystem

