[Sei Ecosystem Perp DEX Oxium to Gradually Cease Operations, Platform Interface to Shut Down on August 1] Foresight News reports that Oxium, the on-chain order book decentralized trading platform on Sei, announced via a tweet that it will gradually cease operations. The team stated that due to prolonged unfavorable market conditions, the platform's revenue is no longer sufficient to sustain operations. As part of this, Oxium's front-end interface will go offline on August 1. Users are advised to cancel any open orders, close existing positions, and withdraw their assets before the interface shuts down. The team also emphasized that user assets are always under the users' control and are not custodied by the platform. Even after the front-end interface is closed, users can still access and retrieve their funds directly through the smart contract.