BlockBeats News, June 27th, Oxium, the on-chain order book DEX on the Sei Network, officially announced that it will gradually cease operations. The team stated that the prolonged unfavorable market conditions have made it unsustainable to continue operating, and the platform interface will be shut down on August 1, 2026.

Oxium reminds users to cancel any unfinished orders, close positions, and withdraw assets before this date. They mentioned that user assets are still safe and under the users' control, and funds can be withdrawn through smart contracts even after the interface is closed.