PANews reported on February 27 that ZKsync announced it will fully shut down ZKsync Lite (formerly ZKsync 1.0) on May 4, 2026. At that time, the network will stop producing blocks and permanently freeze the final state to ensure that its balances are not altered after shutdown. ZKsync Lite was launched in June 2020, primarily supporting token transfers and NFT minting, but it does not have smart contract functionality. As the zkEVM-enabled ZKsync Era and ZK Stack ecosystem mature, the project has decided to focus resources on developing subsequent systems.
The official recommendation is for users to withdraw their assets before May 4. After shutdown, at least one year of read-only API access will be provided for data retrieval, and unwithdrawn funds can still be claimed at that time. Currently, ZKsync Lite has approximately $33.9 million in locked assets (TVL), including $24.9 million in stablecoins and about $8.4 million in ETH.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Builders Are Walking Away From Aave – What Does It Mean for AAVE Price?
Aave (AAVE) is dealing with two very different headlines at the same time. On one side, the protocol faced a $24 million exploit linked to address poisoning, once again reminding users that security risks still exist across DeFi.
Despite that incident, the market reaction has been somewhat
CaptainAltcoin1h ago
Western Union Launches USDPT Stablecoin on Solana Network
_Western Union is launching USDPT, a new stablecoin on Solana, backed by 360,000 cash locations across 200+ countries worldwide._
Western Union is making a bold move into the stablecoin space. The global payments giant has announced USDPT, a new U.S. dollar-denominated stablecoin built on Solana
LiveBTCNews2h ago
Japanese Yen Stablecoin: Can Japan Shake Up the $40 Trillion On-Chain Arbitrage Market Worldwide?
Japan is actively promoting the Japanese Yen stablecoin to reshape its position in the global financial market, aiming to strengthen the core role of the Yen through on-chain arbitrage trading. Despite challenges such as liquidity, regulation, and retail participation, its success will bring an important non-USD asset base to on-chain finance.
PANews3h ago
Aave Labs proposes launching the V4 dedicated bug bounty program
Aave Labs proposes to launch the Aave V4 bug bounty program on the Sherlock platform, aiming to establish a security reporting channel with tiered handling to prioritize high-risk vulnerabilities and improve processing efficiency. Sherlock has previously collaborated with Aave on security work.
GateNews3h ago
Self-Custody Startup Bron Adds Inheritance Flow Built Around Guardians and MPC - Unchained
Bron has launched a "Digital Inheritance" feature for its self-custody wallets, allowing heirs access after the owner's death, with a six-month delay and pre-selected guardians for verification. This aims to prevent funded loss due to missing keys or phrases.
UnchainedCrypto3h ago
Web3 Foundation Strategic Adjustment: Transferring Governance Support for Polkadot, Polkadot Wiki, and other projects
Web3 Foundation announces strategic realignment, returning to its core mission by focusing on Web3 promotion and resource management, while transferring projects like the JAM Prize to other teams to support community governance and healthy ecosystem development.
GateNews4h ago
