Woofun AI reports that Oxium, a decentralized exchange utilizing Sei’s order book technology, will gradually cease operations and shut down its front-end interface on August 1st. The team attributed the decision to prolonged adverse market conditions resulting in insufficient revenue to sustain the platform.

Users are instructed to cancel unexecuted orders, close positions, and withdraw assets prior to the shutdown. The team confirmed that user assets remain under individual control and are not held by the platform, allowing direct fund retrieval through smart contracts even after the interface is discontinued.