- The Polygon zkEVM mainnet beta sequencer shall be retired on July 1, 2026.
- Pockets holdings that aren’t bridged by the deadline shall be routinely migrated to Ethereum L1.
- Funds locked in DeFi protocols can’t be routinely migrated and will develop into inaccessible after a shutdown.
- Polygon first introduced an exit timeline of June 2025, offering a 12-month transition interval.
- A devoted billing interface shall be accessible for eligible belongings held within the pockets after shutdown.
Polygon points closing reminder forward of zkEVM mainnet beta shutdown
Polygon Labs has issued a closing reminder to customers forward of the scheduled shutdown of the Polygon zkEVM mainnet beta sequencer on July 1, 2026. The corporate reiterated that customers holding belongings on the community ought to migrate their funds earlier than the deadline, particularly belongings deposited in decentralized finance (DeFi) protocols.
The termination timeline was initially introduced for June 2025, giving the ecosystem a full yr to arrange for the community’s retirement. In line with Polygon, the chain and bridge will stay operational till July 1st, permitting customers to switch belongings to Ethereum earlier than the sequencer is turned off.
Polygon says:
“It is a closing word: When you have belongings within the zkEVM mainnet beta, now could be the time to switch your funds.”
When the sequencer is shut down, transactions will not be processed on the Polygon zkEVM mainnet beta, impacting the operation of purposes and protocols constructed on the community.
DeFi belongings face larger dangers than funds held in wallets
Polygon emphasised that solely belongings held instantly in customers’ wallets shall be eligible for computerized migration to Ethereum Layer 1 if they continue to be on the community after July 1st. An exit snapshot of pockets balances is taken upon shutdown, and people funds are later made claimable by way of a devoted Ethereum-based interface.
Nevertheless, the corporate cautioned that belongings locked in sensible contracts, similar to DeFi purposes, liquidity swimming pools, multi-signature wallets, and different protocol management contracts, can’t be routinely migrated. Polygon stated it doesn’t personal or management the decentralized purposes working on its community and can’t reclaim or switch these belongings on behalf of customers.
This warning is echoed by the Ecosystem Venture. QuickSwap suggested customers to withdraw all belongings and liquidity supplier positions from Polygon zkEVM previous to the shutdown date, noting that funds remaining on-chain could also be misplaced after the community ceases operations. The trade clarified that this variation won’t have an effect on belongings held on Polygon PoS.
Billing course of and key dates
Polygon outlined a number of milestones for customers affected by community twilight. Till July 1, 2026, customers can proceed to bridge their belongings to Ethereum so long as the community stays operational. On the shutdown date, Polygon takes a closing snapshot of the on-chain balances held within the pockets.
After sundown, eligible customers will have the ability to get well routinely migrated belongings on Ethereum utilizing a devoted declare interface. Polygon says the billing course of shall be carried out fully on Ethereum and won’t require any exercise on the deprecated zkEVM chain.
The corporate additionally confirmed that the billing interval is open till December 31, 2027. Eligible property that isn’t claimed after that date shall be thought of deserted.
Polygon zkEVM was launched as an Ethereum-compatible zero-knowledge rollup designed to offer low-cost transactions whereas sustaining compatibility with Ethereum purposes. Polygon says the expertise and analysis developed by way of the zkEVM undertaking continues to assist different components of the ecosystem, together with the AggLayer infrastructure and the Polygon CDK chain. Sundown solely applies to the Polygon zkEVM mainnet beta and doesn’t have an effect on Pos or different Polygon ecosystem networks.
Lately, INK Finance suffered a safety breach on its Polygon community after an attacker exploited a whitelist validation flaw within the Workspace Treasury Proxy contract, leading to roughly $140,000 in USDT being compromised in a flash loan-backed assault.
As of 10:31 AM UTC, Polygon PoS holds roughly $1.03 billion in whole worth locked (TVL), rating tenth among the many blockchain ecosystem by way of DeFi liquidity, in line with DefiLlama. Regardless of a decline of 1.9% previously 24 hours, the community remained one of many largest decentralized finance platforms by way of capital deployed throughout purposes and protocols.
Polygon ($POL) Up 4.13% for the week resulting from accelerating quantity
of polygons $POL The token was buying and selling at $0.07903 as of 10:23 AM UTC, up 2.57% over the previous 24 hours and up 4.13% over the previous 7 days. The market capitalization of this digital forex was $842.7 million, nearly matching the circulating provide of 10.66 billion. Buying and selling exercise additionally strengthened, with 24-hour quantity growing by 12.6% to $40.5 million, indicating elevated investor curiosity. Whereas latest features point out improved sentiment, the actions have been comparatively modest and a market-wide turnaround is but to be confirmed.
