Harmony has proposed shutting down its mainnet after seven years of work, while Router Protocol plans to cease operations by Sept. 30, 2026. The closures would move Harmony’s ONE token to Ethereum and lead Router to burn 303.3 million ROUTE tokens held in its treasury.

Harmony said growing threats from state actors and AI agents contributed to its decision. The team said the time had come to end operations of the network, which launched in 2019.

Harmony proposes moving ONE to Ethereum

Harmony proposed an airdrop of new ONE tokens on Ethereum and the migration of exchange listings. The project plans to record user balances at the mainnet’s final block, with the snapshot covering tokens held in wallets, staking, validator rewards, smart contracts and centralized exchanges.

Users, delegators and validators would not need to submit applications. Harmony plans to credit the new ERC-20 ONE tokens to the corresponding Ethereum addresses.

Multisig wallets, liquidity pools and onchain applications will not be able to migrate, according to Harmony. The project urged users to exit all smart contracts by Sept. 10, 2026.

Harmony said ONE’s total supply and issuance rate would remain unchanged. It plans to direct newly issued tokens to a new Harmony initiative focused on AI video.

The project has provided for a validator compensation program with a total pool of $1.37 million. Harmony also encouraged some participants to move to roles in its new AI initiative.

Router Protocol plans September shutdown

Crosschain project Router Protocol announced that it would fully shut down after more than four years of operation, with the wind-down scheduled for completion by Sept. 30, 2026.

Router attributed the decision to changes in the Web3 market, including a liquidity shortage over the past two years, capital moving into the AI sector and low profitability for crosschain infrastructure. The project said bridge-fee revenue had declined while infrastructure maintenance costs remained high.

Over the past year, the team explored commercializing or licensing its technology and considered a potential acquisition. Router said none of those options could ensure the project’s long-term viability.

After the shutdown, Router plans to burn 303.3 million ROUTE tokens held in its treasury and coordinate the token’s delisting from centralized exchanges. It will not launch new programs related to ROUTE, and any liquidity pools or token markets created after the delistings will have no connection to the protocol.

The team also plans to open-source some components developed during Router Protocol’s four years of operation.

Source: Incrypted