A post by @WuBlockchain on X.
Zilliqa, Previously Backed by Polychain Capital, Announces Pivot from Standalone Layer 1 to Ethereum L2
@WuBlockchain on X
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Zilliqa, the Layer 1 blockchain formerly backed by Polychain Capital, announced it will pivot from a standalone L1 to an Ethereum Layer 2 branded the Zilliqa Institutional Layer (ZIL), aimed at regulated institutions. The move marks a strategic reversal for a network that launched as one of the earlier sharded L1s, and it follows a broader trend of standalone chains repositioning around Ethereum settlement and security. The announcement did not disclose new funding, token migration terms, or a timeline for the transition. It matters because Zilliqa's native ZIL token and its existing DeFi and gaming ecosystem would need to be reconciled with an L2 architecture, raising questions about validator economics and bridge design. What to watch next: details on how ZIL holders and dApp developers migrate, whether the original L1 chain is deprecated or maintained, and whether institutional partners commit capital to the new ZIL network.
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Named in this story
Zilliqa, Ethereum (ETH), ZIL, Polychain Capital
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