Zilliqa will transition to an Ethereum Layer 2, retaining the ZIL token.
Original headlineZilliqa 将转型为以太坊 Layer 2，保留 ZIL 代币
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Zilliqa will convert from a standalone Layer 1 into an Ethereum Layer 2 aimed at regulated institutions, to be called Zilliqa Institutional Layer, with ZIL remaining the network's sole token and holders required to take no action for now. The team attributed the pivot to insufficient usage and ecosystem growth on the independent L1, declining capital and liquidity, and recent security incidents that highlighted the cost of solo operation. Technical details, including the impact on holders, exchanges and stakers, will be published before the migration. Watch for those disclosures to clarify how ZIL balances, exchange listings and staking migrate to the new institutional-focused L2.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Zilliqa, ZIL, Zilliqa Institutional Layer, Ethereum (ETH)
A linked name opens that asset's sentiment page.