Starknet's ZKX protocol in the ecosystem announced closure due to lack of users.

DeepTechFlow news, the social derivative trading platform ZKX Protocol built on the Ethereum Layer-2 network Starknet announced its closure. Founder Eduard Jubany Tur stated on social media X on July 31 that the protocol lacks an "economically viable path." Tur pointed out that user engagement is "extremely low," with only a few participating in the mining reward program. At the same time, the trading volume has "significantly decreased," with daily revenue only covering "a small portion" of cloud server expenses. ZKX has delisted all markets, closed all positions, and will return funds to users' trading accounts. Users can transfer funds from the trading wallet to the protocol's main self-custody account by the end of August. It is worth noting that just a month ago (June 19), ZKX Protocol completed a strategic financing of 7.60 million US dollars, with investors including Flowdesk, GCR, and DeWhales. Previously, Hashkey, Amber Group, Crypto.com, and StarkWare had also invested in the protocol. Tur added that the current value of the newly launched ZKE token cannot "sustainably support" the operation of the protocol.