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Sep 7, 2026
< 1min read
byZabi
forThe Crypto Basic
Harmony proposed shutting down its seven-year layer-1 blockchain and migrating ONE into an ERC-20 token on Ethereum, a non-binding plan that would end the network’s independent operation. The proposal includes no date or details on validator voting, leaving uncertainty for token holders, validators and DeFi/CEX integrations despite possible adoption and liquidity benefits from an Ethereum migration.
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Harmony has proposed shutting down the layer-1 blockchain and converting ONE into an ERC-20 token on Ethereum, a move that would end the network’s seven-year run as an independent chain. The plan remains non-binding, and Harmony has not set a date for the network’s last block or said whether validators will vote on the proposal through the network’s governance process.
Source: cryptorank.io
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