ChainCatcher report, according to CryptoSlate, the Ethereum Layer 2 network Silicon has announced that it ceased accepting new bridged deposits on 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 Assets bridged from the Ethereum mainnet can be withdrawn directly to the mainnet during the window period, but tokens originally issued on Silicon cannot be directly bridged and can only be exchanged using remaining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.
Ethereum L2 Network Silicon Announces Shutdown by End of 2026, $9.75 Million in Assets Remain
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Summary
The Ethereum Layer 2 network Silicon has halted new bridge deposits as of September 2, initiating its shutdown process. Users must withdraw their assets by December 31, 2026, after which the network and block explorer will go offline. Approximately $9.75 million remains on the chain, including USDC, WBTC, ETH, and USDT. Assets originating from Ethereum can be withdrawn directly, but native tokens require on-chain liquidity for conversion. The wallet service will also be discontinued. This decision follows ongoing network upgrade efforts and evolving developments in real-world assets (RWA).
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