Vertex joins Ink Foundation; EVM DEX winds down
A 8 July 2025 PR Newswire release said Vertex Protocol entered an agreement with the Ink Foundation to bring its core infrastructure and team to Kraken-incubated Ink L2, ceasing trading on current EVM deployments and sunsetting the VRTX token for an INK airdrop. The Block reported Ink would absorb Vertex’s order book, perps engine, and lending tech. Vertex later completed a phased shutdown with final settlement around mid-July to mid-August 2025; vertexprotocol.com now returns 404.