The ZKX Protocol, a Crypto.com-backed decentralized exchange, has shut down due to economic challenges. Following the announcement, the ZKX token plunged by over 50% in the last 24 hours. On July 30, co-founder Eduard Jubany Tur announced the discontinuation of the ZKX protocol. He expressed regret, stating that despite their best efforts, they were unable to find an economically viable path for the protocol. According to data from CoinGecko, the ZKX token is currently trading at $0.01253, marking a 52.5% drop in value over the past 24 hours. Withdrawals can be made through the Starkway bridge back to Layer 1 at any time.
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