Sei-based DEX Oxium to close, citing financial hardship

Oxium, a decentralized exchange (DEX) built on the Sei (SEI) network, announced on its official X account that it has decided to cease operations due to financial difficulties. The platform explained that worsening market conditions have reduced its revenue to a point where it can no longer sustain operations, making it financially unviable. Oxium assured users that their deposited assets are safe and available for withdrawal. The platform's interface is scheduled to be shut down on Aug. 1, and users are encouraged to withdraw their assets before that date.