Ethereum L2 Network Silicon Announces Shutdown by End of 2026

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Ethereum news: The Layer 2 network Silicon has ceased accepting new deposits as of September 2 and is initiating its shutdown. Users must withdraw their assets by December 31, 2026, after which the network will go offline. Approximately $9.75 million remains on-chain, including USDC, WBTC, ETH, and USDT. Assets originating from Ethereum can be withdrawn directly, but native tokens require on-chain liquidity. The network upgrade timeline includes discontinuing the wallet and block explorer.

Huo Xing Finance reports, according to CryptoSlate, the Ethereum Layer 2 network Silicon has announced it will cease accepting new bridged deposits as of September 2 and has initiated its shutdown process. Users must withdraw all assets by December 31, after which the network and block explorer will be taken offline, and any remaining assets will be irrecoverable. Approximately $9.75 million in assets remain on-chain, including USDC ($2.66 million), WBTC ($2.54 million), ETH ($2.08 million), and USDT ($1.85 million). Assets bridged from the Ethereum mainnet can be withdrawn directly to the mainnet during the window period; however, tokens originally issued on Silicon cannot be directly bridged and can only be exchanged using remaining on-chain liquidity, which may become increasingly difficult as the shutdown progresses. Silicon’s Web3 wallet will also be discontinued.

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