Morning Edition · Saturday, July 4, 2026
Moonbeam Abandons Polkadot and Moves Its Token to Ethereum's Base Network
The smart-contract platform will migrate its GLMR token one-for-one to Base as a standard Ethereum token, wind down its own chain, and pivot to an artificial-intelligence agent protocol.
Moonbeam, an Ethereum-compatible smart-contract platform that launched as a Polkadot parachain (an independent chain connected to the Polkadot network), will leave the Polkadot ecosystem and migrate its GLMR token to Base, Coinbase's Ethere…
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Part of a tracked trend
Standalone L1s Consolidate Onto Ethereum L2s
Projects that launched as independent layer-1 chains or rival-ecosystem parachains will increasingly migrate onto Ethereum layer-2 networks, concentrating liquidity and activity around a few dominant settlement hubs.
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