Woofun AI reports that Oxium, a decentralized exchange on the Sei network, has announced its cessation of operations due to insurmountable financial difficulties. The platform attributed the decision to worsening market conditions that reduced revenue below sustainable levels.

The interface is scheduled to shut down on August 1. Oxium confirmed that all deposited assets remain safe and available for withdrawal prior to the deadline. The team emphasized that no user funds have been compromised and urged prompt action to avoid access issues post-shutdown.