ZKX protocol announces the seizure of services six months after its launch in the mainnet.
The protocol’s token, $ZKX exhibits a 50.52% daily decline in price according to CMC data.
The past few months saw the launch of several new blockchain projects within the sector. Amid a spur of activity, Ethereum L2 witnessed the launch of its safety protocol ZKX. The protocol drew market attention during its funding stages with investments from prominent community members. However, recently the protocol announced that it will be shutting down services.
ZKX protocol’s founder Eduard Jubany Tur announced in an X post, that the token will be shutting down because of a lack of user activity. He provided a detailed report of the different causes that have led to the firm’s suspending services permanently. Tur referred to the inability to find a viable economic path resulting from minimal user activity.
Secondly, the founder quoted the ZKX token’s market value and trading v
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