Oxium, Sei Orderbook DEX, to Cease Operations; Interface Closing August 1

According to its official announcement on June 27, Oxium, the on-chain orderbook DEX on Sei Network, is shutting down operations. The team cited prolonged adverse market conditions that left operational revenue insufficient to sustain the platform. The interface will close on August 1, 2026.

Oxium reminded users to cancel open orders, close positions, and withdraw assets before the shutdown. The team stated that user funds remain secure and user-controlled; funds can still be recovered through smart contracts after the interface closure.