The decentralized trading ecosystem is in mourning following the announcement that Xu Zhihong, the co-founder of the multi-chain infrastructure platform UXUY, passed away peacefully in his sleep last week. The news was officially confirmed by the UXUY team via the X platform on August 31, 2026. Mr. Xu was a prominent figure in the blockchain sector, recognized for his strategic vision in bridging the gap between traditional finance and decentralized protocols.
A Legacy of Blockchain Innovation
Xu Zhihong played a fundamental role in the establishment and rapid scaling of UXUY, a project known for its focus on Bitcoin Layer 2 solutions and cross-chain interoperability. His contributions were particularly vital in the following areas:
- The architecting of the brand’s global identity and market positioning.
- Strengthening the UXUY ecosystem through strategic partnerships within the DeFi space.
- Mentoring the core development team to foster a culture of technical excellence.
UXUY has gained significant traction in recent years for its non-custodial wallet solutions and its efforts to simplify the user experience for traders interacting with the Lightning Network and various EVM-compatible chains.
Farewell Ceremony Details
To honor his memory and professional achievements, a farewell ceremony has been organized by his close associates. The event will serve as a gathering point for industry peers, friends, and family to pay their final respects.
Xu Zhihong made significant contributions to the company's founding and development, leaving a profound impact on brand building, team, and ecosystem development.
The memorial service is scheduled to take place on September 12, 2026. The venue for the ceremony is the OneX AI Entrepreneur Space, located in the Chaoyang District of Beijing. This location is a known hub for technology innovators, reflecting Mr. Xu's lifelong dedication to the advancement of emerging technologies.
The passing of Xu Zhihong marks a somber moment for the Web3 community. While the leadership transition details have not been explicitly detailed in the brief announcement, the UXUY team has expressed its commitment to upholding the vision established by its late co-founder. The industry remembers him as a dedicated pioneer who sought to make decentralized finance more accessible to a global audience.
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