🚨 Crypto News Flash! 🚨

ZKX Protocol, the first perpetual futures exchange on Starknet, has ceased operations due to low user engagement. Founder Eduard Jubany Tur announced the decision on July 31, citing economic challenges and minimal trading volumes.

🔹 All markets delisted, positions closed

🔹 Users urged to move funds to self-custodied wallets by end of August

🔹 ZKX token price plunged over 50%, now at $0.015

Founded in 2021, ZKX aimed to revolutionize DeFi derivatives trading. Despite raising $7.5M in funding, the platform couldn't sustain operations.

💬 What are your thoughts on this closure? Share in the comments!