Lisk said it will shut down the blockchain it has operated for the past 10 years and shift toward a business finance platform. A proposal posted on the Lisk governance forum says the Lisk DAO will vote on whether to burn 100 million LSK tokens, equal to 25% of total supply, and dissolve the DAO itself. Token holders have until Oct. 31 to bridge assets from the Lisk chain to Ethereum. The project also said dApps and developers building on Lisk can move to the Celo network. LSK has fallen from its all-time high of $34.92 in January 2018 to about $0.09, a drop of more than 99%. Binance placed LSK under its monitoring tag in July 2026, warning of delisting risk.
Lisk said it will shut down the blockchain it has run for 10 years and transition into a business finance platform.
According to a proposal published on the Lisk governance forum, the Lisk DAO will vote on whether to burn 100 million LSK tokens, or 25% of total supply, and dissolve the DAO itself.
Holders need to bridge assets on the Lisk chain to Ethereum before Oct. 31. The project said dApps and developers building on the Lisk chain can migrate to the Celo network.
LSK has dropped from its all-time high of $34.92 in January 2018 to about $0.09, marking a decline of more than 99%. Binance added LSK to its monitoring tag in July 2026, flagging delisting risk.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
