TechFlow News, July 30 — Eduard, founder of ZKX Protocol, announced on X that ZKX will cease operations due to failure in identifying an economically viable path. Details are as follows:
· All markets have been delisted, positions have been closed, and user funds have been returned to trading accounts
· Users can transfer their funds to self-custody wallets and bridge back to L1 via Starkway
· ZKX will end its transition period by the end of August, with ongoing allocations and vesting continuing after September 1
· Users are strongly advised to withdraw funds and claim all STRK rewards before September
The team stated that low user engagement, declining trading volume, and insufficient revenue to cover operational costs have led to the suspension. Despite efforts, demand for the token remained inadequate, compounded by broader weakness across the DeFi sector. The team expressed gratitude for community support and understanding.
