PANews reported on May 1st that Tapp Exchange announced on its X platform that it has initiated the protocol shutdown process. The platform will continue to operate normally until May 31, 2026, and user assets will be safe and still available for withdrawal. Users are reminded to complete their asset withdrawals before May 31st, at which time the front-end interface will be officially taken offline, and withdrawals will only be possible through direct interaction with on-chain smart contracts.

Tapp Exchange stated that since its launch in June 2025, as the first V4-style DEX in the Aptos ecosystem, it has continuously introduced ve(3,3) voting mechanisms, emissions allocation, bribery infrastructure, and governance tools, giving liquidity decision-making power to veTAPP holders. Cumulative trading volume has reached $1.95 billion. Tapp Exchange added that although the protocol is about to cease operations, the DeFi spirit will continue.