Zilliqa announced it will transition its network from an independent Layer 1 blockchain to an Ethereum Layer 2 solution focused on regulated institutions. This change comes after nine years due to low usage, funding, liquidity, and costly security challenges. The new network, named Zilliqa Institutional Layer (ZIL), will retain the existing ZIL token, and holders are not required to take immediate action. Technical details and any token migration updates will be shared officially by Zilliqa.
Zilliqa's shift to an Ethereum Layer 2 solution has coincided with a notable price increase on Pluang. The ZIL token is up 6.07% to Rp32, with a market cap of Rp660.46 million and a 71% buy order activity. These figures are current as of Nov 07, 2026 05:31 WIB.
Zilliqa is ending its nine-year run as an independent Layer 1 blockchain and transitioning to become an Ethereum-secured Layer 2 network focused on regulated institutions. This move follows limited adoption of its standalone network and a security br...
Zilliqa is transitioning from an independent Layer 1 blockchain to a permissioned Layer 2 settlement layer on Ethereum, targeting regulated institutions. This shift involves restricting transactions to verified participants through identity checks ma...
