ChainCatcher message, the founder of the derivatives DEX ZKX based on Starknet and Ethereum, Eduard, issued a statement saying that the protocol will cease operations due to the inability to find an economically viable path for it.Currently, all markets have been delisted, positions have been closed, and all funds have been returned to each user's trading account; users can transfer funds from their trading accounts to their main self-custody accounts; the self-custody ZKX account is a wallet on Starknet, and users can withdraw back to L1 at any time through the Starkway bridge; the protocol will continue until the last day of August, and the ZKX ownership and distribution will continue after the closure on September 1; it is strongly recommended that everyone withdraw their funds and claim any pending STRK rewards before the August sunset.

ChainCatcher news, the Web3 growth and DAO creation platform Superdao has announced its impending closure. Superdao stated that in 2022 it began building growth and analytics tools for Web3 projects that were already launched and operational. It clearly observed that the crypto industry itself has become much smaller than the initial aspiration ("the new internet"), making it unlikely for dedicated tools for crypto companies to yield venture capital-scale returns.In light of this perspective, Superdao has decided to return a significant amount of remaining funds to investors and gradually cease operations. Team members of Superdao have already founded at least 7 new companies. Some of the work results will be released as open-source projects.According to the crypto data platform RootData, Superdao announced in January 2022 that it completed a $10.5 million seed round financing at a valuation of $160 million, led by SignalFire, with participation from Alliance DAO, Shima Capital, Circle Ventures, and others.