PANews May 1 news, Tapp Exchange announced on the X platform that it will initiate the protocol closure process. The platform will continue to operate normally until May 31, 2026, and user assets are safe and can be withdrawn normally. The official reminds users to complete asset withdrawals before May 31, at which point the front-end interface will officially go offline, and thereafter withdrawals can only be made through direct interaction with the on-chain smart contract.

Tapp Exchange stated that since its launch in June 2025, the platform has been the first V4 style DEX in the Aptos ecosystem, continuously introducing ve(3,3) voting mechanisms, emission distribution, bribery infrastructure, and governance tools, handing liquidity decision-making power to veTAPP holders. The cumulative trading volume has reached $1.95 billion. Tapp Exchange added that although the protocol is about to cease operations, the spirit of DeFi will continue to persist.

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