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Wire · technology

Harmony Proposes Shutting Down Layer-1, Migrating ONE to Ethereum ERC-20

7 September 2026 · By · Wire by Fusion42

Published

7 September 2026

Topic

technology

◆ Sectors

Crypto & Web3

◆ Source

Read at newscord.org →

◆ Verified

Fusion42 · 7 September 2026 · Fusion42 review

Harmony announced plans to shut down its Layer-1 blockchain and migrate its ONE token to Ethereum as an ERC-20 token. The proposal remains non-binding with no set timeline for the network shutdown and validator vote uncertain.

This Wire brief sits within Fusion42's coverage of Crypto & Web3.

◆ ◆ The Wire takeaway

Your Layer-1 blockchain just lost its future. You need to prepare now for migration routes to Ethereum or risk losing your token’s usability and user trust.

◆ Coverage

1 source · 7 Sep 2026

◆ Related on Wire

◆ Topics

Crypto & Web3blockchain-migrationethereumlayer-1token-migration