The protocol's founder cited minimal user engagement, tumbling revenues, and “broader exhaustion” in the DeFi sector.
The ZKX Protocol — a social derivatives trading platform built on the Ethereum Layer-2 network Starknet — has shuttered, with its founder saying there is no “economically viable path” forward for the protocol.
In a July 31 post to X, ZKX founder Eduard Jubany Tur wrote that the protocol’s user engagement had been “minimal,” noting that only a few individuals had been mining the protocol’s rewards program.
He added that trading volumes had “significantly decreased” and the protocol’s daily revenue could only cover a “fraction” of their cloud server expenses.
