Insufficient Usage in This Altcoin: It Is Transitioning from Its Own Network to Ethereum

Zilliqa has announced it will abandon its standalone layer-1 blockchain and migrate to a new institution-focused network built on Ethereum, citing insufficient usage on its own chain to sustain independent operations. The disclosure, reported by Wu Blockchain, marks a reversal for a project that once promoted its own sharded architecture as a scalable alternative to Ethereum. The move matters because it adds another former independent L1 to the growing list of chains repositioning around Ethereum for institutional demand. Zilliqa’s native token and the timing of the migration, including how existing holders and validators will be transitioned, are the key details to watch next.