TechFlow News, June 27: Oxium, a decentralized exchange (DEX) with an on-chain order book built on the Sei network, announced it will gradually cease operations.
The team stated that prolonged adverse market conditions have rendered the platform’s revenue insufficient to sustain ongoing operations, prompting the decision to shut down related services. Specifically, Oxium’s frontend interface will be officially decommissioned on August 1, 2026.
Oxium urges users to cancel any outstanding orders, close existing positions, and withdraw assets before the frontend is taken offline.
The team also emphasized that user assets have always remained under users’ sole control and were never held in custody by the platform. Even after the frontend is decommissioned, users can still directly access and retrieve their funds via smart contracts.
