PANews
PANews|May 01, 2026 11:50
[Tapp Exchange Announces Closure of Operations, Front-End to Go Offline on May 31] Tapp Exchange announced on Platform X that it has initiated the protocol closure process. The platform will continue to operate normally until May 31, 2026, with user assets secure and available for withdrawal. The official reminder urges users to complete asset withdrawals by May 31, as the front-end interface will officially go offline by then. Afterward, withdrawals can only be conducted directly via on-chain smart contract interactions. Tapp Exchange stated that since its launch in June 2025, the platform, as the first V4-style DEX in the Aptos ecosystem, has consistently introduced ve(3,3) voting mechanisms, emission allocation, bribery infrastructure, and governance tools, granting 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 endure.
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