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
Avalanche Gains Momentum as Progmat Launches Dedicated L1 for Japan’s $2B+ RWAs
Japan’s largest security token platform is migrating more than $2 billion in real estate and corporate bonds from Corda to a dedicated L1 on Avalanche.
The initiative brings together some of Japan’s largest firms, from Toyota to Konami and TIS Inc., giving Avalanche a route into Japan’s
CryptoNewsFlash28m ago
Abandoning "HODLing" causes the stock price to rise over 13%! ETHZilla rebrands to "Forum" and shifts focus to RWA tokenization
The American company ETHZilla has officially rebranded as Forum Markets, transforming into a tangible asset tokenization platform and gradually phasing out its role as an Ethereum reserve. The stock price rose over 13% on the news. The company still holds approximately $145 million worth of Ethereum and is actively developing tokenized assets, with expected future yields exceeding 10%.
区块客53m ago
Latam Insights: Brazil Introduces Crypto Tax Evasion Bill, El Salvador Finalizes New Bitcoin Diploma Program
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, a bill to criminalize crypto-linked foreign currency tax evasion surges in Brazil, El Salvador finalizes its Bitcoin Diploma 2.0 educational program, and Engie mulls
Coinpedia1h ago
Ripple Whitepaper Outlines Crypto Trading Model for Banks
Ripple's new whitepaper addresses fragmented crypto markets and institutional risks, proposing a Digital Prime Broker framework to centralize execution and liquidity. By leveraging the XRP Ledger for credit lines and faster settlements, it aims to enhance operational efficiency and transparency for banks and hedge funds.
CryptoFrontNews1h ago
Aave "100% of product revenue contributed to the DAO treasury" temperature check has passed
Aave founder Stani.eth announced that the "Aave Will Win" proposal temperature check has passed, promoting Aave Labs to develop towards a core token model and planning to direct all product revenue to the AAVE token. The proposal will be optimized based on community feedback, entering the ARFC stage, and is dedicated to achieving Aave V4 strategic goals.
GateNews1h ago
Coming as early as Q2! Japan's SBI will launch the Japanese Yen stablecoin "JPYSC".
SBI Holdings and Startale Group jointly launch Japan's first Japanese Yen stablecoin "JPYSC," expected to be listed in the second quarter of this year, pending regulatory approval. This stablecoin is backed by a trust bank and targets institutional and cross-border applications, aiming to enhance the position of the Japanese Yen in digital finance while complying with Japanese regulatory standards.
区块客2h ago
