According to Foresight News, the founder of StarkNet Derivatives trading protocol ZKX, @0xEduard, regretfully announced the cessation of operations, stating that despite their best efforts, they could not find an economically viable path for the protocol. Currently: all markets have been delisted, positions have been closed, and all funds have been refunded to each user's trading account; users can transfer funds from the trading account to the main self-custody account; the self-custody ZKX account is a Wallet on Starknet, and users can withdraw to L1 anytime through the Starkway bridge; the protocol will continue until the last day of August, and ZKX vesting and distribution will continue after the closure on September 1; it is strongly recommended that everyone withdraw funds and claim any pending STRK rewards before the end of August. The founder stated that the decision to cease operations was based on several key factors, including extremely low user engagement, with only a few people Mining STRK and ZKX rewards. The protocol's revenue was almost unable to cover salaries and other basic operating costs. Additionally, despite the best efforts of market makers, high monthly payments and rebates far exceeded the revenue, and they would be required to pay higher amounts starting from August. At the current value of the Token, there is no way to sustain the protocol. It is undeniable that the loss caused by the TGE not meeting expectations has led to the current situation. As major Token holders exercise their cash-out rights, the value of the Token continues to decline.