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Deep Tide TechFlow news, June 27 - Oxium, a decentralized exchange with an on-chain order book on the Sei network, announced that it will gradually cease operations.
The team stated that due to the long-term unfavorable market environment, the platform's revenue can no longer support continued operations, and they have decided to shut down related services. The Oxium front-end interface will officially go offline on August 1, 2026.
Oxium reminds users to cancel unfilled orders, close existing positions, and withdraw assets before the interface goes offline.
The team also emphasized that user assets have always been under the users' own control and were not held in custody on the platform. Even after the front-end interface is shut down, users can still directly access and retrieve their funds through the smart contract.