Harmony proposes shutting down layer 1, migrating ONE to Ethereum

Harmony proposed sunsetting its layer-1 blockchain and migrating ONE to Ethereum, weeks after an exploit led to plans to discard 109,000 transactions.

The top 3

  1. Major Token Migrations Between Chains: Projects like EOS and BNB have migrated their tokens from Ethereum to their own native blockchains, while others like SushiSwap and CREAM Finance have partially moved to alternative chains like BNB Smart Chain to reduce fees and increase speed.
  2. Notable L1 Rebrands and Rearchitectures: Projects like Polygon (formerly Matic Network) and Fantom (rebranded to Sonic Labs) have undergone significant rebrands and architectural shifts to reflect expanded business scopes and new technological focuses.
  3. Projects Expanding to Multiple Chains: Beyond full migration, many projects strategically expand their presence to multiple blockchains, leveraging the strengths of each network for broader reach and specific use cases, such as Polygon's various scaling solutions.

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