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Morning Edition · Thursday, September 3, 2026Published at 1:55 AM EDT · New York
Ethereum Layer 2 Silicon Shuts Down With 9.75 Million Dollars Still on the Chain
Users have until 31 December to withdraw, and the network warned that exit routes differ by token because directly issued assets depend on liquidity that is shrinking as users leave.
The Ethereum layer 2 network Silicon stopped accepting bridge deposits and ended network operation on 2 September, opening a withdrawal window that closes on 31 December. Roughly 9.75 million dollars remains on the chain. Silicon warned tha…
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On-Chain Capital Concentrates
As total on-chain capital contracts, value keeps concentrating on the largest chains and the applications with live demand, squeezing long-tail protocols and forcing consolidation.
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