Zero-knowledge blockchain Hyli to shut down

Hyli, a blockchain project based on zero-knowledge (zk) proofs, has announced it is ceasing operations. In a statement on X, the team said that despite achieving several technical milestones over the past two years, it made the decision due to changes in the market environment and a failure to secure expected levels of demand. Hyli's accomplishments included building a full-node client from scratch, implementing the latest BFT consensus technology, and supporting ZK smart contracts.