Woofun AI reports that Oxium, an on-chain order book decentralized exchange on the Sei Network, has announced the cessation of its operations. The team cited prolonged unfavorable market conditions as the primary reason for the shutdown, stating that continued operation is no longer sustainable. The platform interface will be permanently closed on August 1, 2026. Users are advised to cancel pending orders, close open positions, and withdraw their assets before this deadline. The project confirmed that user funds remain secure and under user control, noting that withdrawals can still be executed via smart contracts even after the interface goes offline.