BlockBeats news: On May 25, the cross-chain liquidity layer platform SODAX officially announced that the Layer 1 platform ICON Network, which has been operational for nearly nine years, will cease operations on December 31, 2026, completing its full migration to SODAX. At that time, the ICON chain will be permanently shut down, retaining only read-only historical query functionality.
According to the announcement, the final deadline for the migration of ICX to SODA is also December 31, 2026; after this date, ICX migration will no longer be possible. Starting September 30, 2026, two-way trading will end, and only one-way migration from ICX to SODA will be supported.
SODAX states that as cross-chain infrastructure matures, the industry's bottleneck has shifted from "settlement" to "liquidity, user experience, and execution efficiency," prompting the project to fully focus on its cross-network execution and liquidity system. SODAX currently supports transaction coordination across 18 blockchain networks.
The official statement says that shutting down the ICON Layer1 network will help concentrate resources on building the SODAX ecosystem. SODAX has already launched a new SDK, a cross-chain lending market, and a Protocol-Owned Liquidity (POL) system, and has integrated with projects such as Bound Exchange and Houdini Swap. Additionally, SODA has been added to Kraken’s listing roadmap.