According to BlockBeats, on July 30, Eduard, the founder of ZKX, a derivative DEX platform of the Starknet ecosystem, announced that the ZKX protocol would cease operations because the team could not find an economically viable path.
Eduard explained that the platform had poor user engagement, trading volume was down, revenue was not enough to cover cloud server expenses, and the team was unable to pay salaries and business expenses. TGE did not meet expectations, and major token holders cashed out, causing the token value to fall.
Currently, all markets on ZKX have been delisted, positions have been closed, and all funds have been returned to user trading accounts. Users can transfer funds to self-custody accounts and withdraw them back to L1 through the Starkway bridge.