Crypto trading terminal Nexa, formerly known as InsiDeX, is shutting down just a year after its acquisition by decentralized exchange Bluefin, citing what it calls “extremely low” trading volumes on the Sui blockchain.
In a Feb. 10 post on X, the team said “only 2-3 coins [are] seeing some decent activity” on Sui, leaving traders with few real opportunities, and added that it was built for fast trades and active markets, conditions that never appeared.
“There’s a real sense of sadness in shutting down Nexa because we succeeded in building a product that was actually the most used trading suite on Sui at one time. Unfortunately, the market it was built for never truly materialized,” the team wrote.
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