ZKX Protocol, a derivatives protocol on Ethereum Layer 2 solution StarkNet, has announced its shutdown due to low user participation and financial challenges. Founder Eduard Jubany Tur cited the lack of economic viability and insufficient user engagement as key reasons for the closure. Despite efforts to sustain operations, the protocol struggled with low trading volumes and revenue. As a result, all markets have been delisted, and funds returned to users' accounts. The protocol will fully cease operations by September 1.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
