The Sei network onchain order-book DEX said prolonged weak market conditions undermined revenue and urged users to cancel orders, close positions and withdraw assets before the interface goes offline.
Oxium, an onchain order-book DEX on the Sei network, said it will gradually cease operations after prolonged unfavorable market conditions left revenue unable to support the business. The team said the platform interface will shut on August 1, 2026, and urged users to cancel open orders, close positions and withdraw assets before then.