Onyx Protocol2026-07-02 15:30:38Onyx Protocol to Deprecate Layer 3 by End of 2026, Shift Focus to Layer 1 and Decentralized Banking NetworkOnyx Protocol has announced the deprecation and sunset of its Layer 3 (XCN Ledger) by December 31, 2026, redirecting all development efforts to the Onyx Layer 1. XCN remains an Ethereum-native ERC-20 asset; holders can bridge to Layer 1 for staking and applications. Alongside, the launch of Onyx Mesh—a decentralized banking network built with Chain—enables banks and institutions to coordinate transactions securely. The consolidation aims to accelerate protocol development, strengthen validator participation, simplify developer experience, and unify ecosystem liquidity. This marks a strategic pivot from multi-layer experimentation to a unified sovereign chain for institutional finance.1610
Onyx2026-07-02 15:30:38Onyx to Deprecate Layer 3 (XCN Ledger) by End of 2026, Focus Shifts to Layer 1Onyx Protocol has announced the deprecation and sunset of its Layer 3 network, XCN Ledger, on December 31, 2026, as development efforts pivot entirely to Onyx Layer 1. The Layer 3, built on Arbitrum Orbit with Base as its settlement layer, successfully demonstrated XCN as a native gas token and supported integrations with partners including Privy, Thirdweb, Tenderly, Superbridge, and Chain. With the launch of Onyx Layer 1 and Onyx Mesh—a decentralized banking network developed with Chain—the team believes consolidating around a single sovereign blockchain will accelerate protocol development, simplify developer experience, and unify ecosystem liquidity. XCN remains an Ethereum-native ERC-20 asset, and holders can continue bridging between Ethereum and Onyx Layer 1.1350
