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
Bitcoin Die-Hard Jack Dorsey Doesn't Like Stablecoins, But Block Will Use Them Anyway
In brief
Dorsey called stablecoins a leap "from one gatekeeper to another."
Block's Cash App is building stablecoin support into its core payment flow.
The company's AI push has already cost 4,000 employees their jobs.
Longtime Bitcoiner and Block Inc. CEO and co-founder Jack Dorsey has
Decrypt24m ago
Tether CEO Paolo Ardoino Highlights USDT’s Broad Global User Base
Tether CEO Paolo Ardoino highlighted USDT's strength in having a low sender concentration, with the largest sender accounting for under 5% of volume, which contrasts with other stablecoins at 23%. USDT serves over 550 million users, promoting financial access in emerging markets.
CryptoFrontNews44m ago
World Liberty Financial's Controversial Proposal to Link Voting Rights With Staking Gains 99% Support
The Trump Family-linked World Liberty Financial is reportedly gaining strong support for a proposal that could alter voting power significantly.
Early Support Despite Backer Criticism
World Liberty Financial is seeing overwhelming support for a proposal that could redefine voting power. The
Coinpedia3h ago
Aave Labs Proposes Dedicated Bug Bounty Program for Aave V4 With Sherlock
Aave Labs has published a proposal for a dedicated bug bounty program for a 24/7 channel to report security issues.
High-priority submissions require participants to stake at least 250 USDC, which is forfeited if the report is invalid or deemed spam.
Aave Labs has published a proposal to
CryptoNewsFlash3h ago
XRP Ledger XLS-65 Amendment Introduces Native Single Asset Vaults for DeFi
XLS-65 enables integration of single-asset vaults on the XRP Ledger, allowing users to pool XRP, IOU, or MPT and obtain proportional shares of MPT.
XRPL Commons backed the amendment after 257 Devnet tests, which covered exchange logic, access controls, and asset safeguards.
The XRP Ledger ha
CryptoNewsFlash4h ago
Stablecoin Infrastructure Perena Launches USDT Vault Glow Vault on Solana
Perena launches the Curated USDT Vault Glow Vault on Solana, developed by Blueprint Finance. It employs a delta-neutral quantitative strategy with an annualized return of approximately 8.5%. Users can earn points rewards and receive liquidity savings stablecoin USD STAR.
GateNews6h ago
