Ethereum Layer 2 Zero Network Pulls the Plug After Just 1.5 Years

After working for round 1.5 years, the Ethereum Layer 2 undertaking Zero Network introduced that it’s shutting down its standalone chain and pivoting towards increasing the Zerion API and pockets merchandise.

The crew mentioned the community was initially launched with the perception that fuel charges remained one in all the greatest limitations to mainstream crypto adoption, in line with a press release shared on X.

Full Shutdown Timeline

Zero Network described itself as the first totally gasless, EVM-compatible rollup, which provided zero fuel charges for Zerion pockets customers via an open paymaster system. However, after working the community, the crew mentioned it concluded that sustaining a separate chain was now not the greatest technique to pursue that objective.

It plans to direct its sources towards merchandise already getting used each day by its prospects. As a part of the wind-down course of, the undertaking urged all customers holding ETH, tokens, or NFTs on Zero Network to bridge their belongings out earlier than July 31, 2026.

The crew asserted that every one funds stay secure and totally accessible, and instructed customers to maneuver belongings both to the Ethereum mainnet or one other most well-liked chain earlier than the deadline.

According to the announcement, bridging into Zero Network has already been disabled, whereas bridging out will stay accessible till July 31. After that date, the community can be utterly shut down, and block manufacturing will cease. The crew additionally thanked early customers, builders, and accomplice initiatives that supported the ecosystem from its launch, together with Matter Labs, Caldera, Relay Protocol, and Highlight.

Zero Network added,

“The imaginative and prescient we got down to construct hasn’t modified. How we ship it’s evolving. The crew, the expertise, and every part we discovered from ZERϴ is being channeled into constructing the greatest pockets and knowledge API expertise in crypto, throughout each chain.”

Crypto Closures

A lot of crypto corporations introduced shutdowns this week. Syndicate Labs, an Ethereum infrastructure startup backed by Andreessen Horowitz, (*2*) it was closing down after working for 5 years. The firm defined that it had centered on constructing instruments to assist builders create and scale on-chain functions, however added that the rollup sector had modified considerably over time.

The agency said that EVM rollups are now not extensively handled as the default business strategy. Syndicate Labs mentioned it spent years making an attempt to assist the enlargement of on-chain apps and wished the outcomes had turned out in a different way.

Meanwhile, crypto buying and selling card platform Fantasy.prime said it will shut down in June after two years as a result of buying and selling exercise was not giant sufficient to assist long-term operations. The firm reportedly experimented with different merchandise, together with prediction markets, however failed to search out market demand.

Pantera-backed cross-chain infrastructure agency Everclear additionally announced it was pulling the plug on Everclear Foundation and Everclear Labs, after the enterprise did not generate sustainable income or enough business traction.

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