Wormhole has told users to withdraw or bridge their assets from the Moonbeam network before it shuts down on July 31, 2026. The protocol warned that after the shutdown process starts, it won’t be able to help users recover any assets left behind. This advice comes as Moonbeam gets ready to move its ecosystem to Base, where the GLMR token will continue as an ERC-20 token at a one-to-one rate.
In a notice shared on Tuesday, Wormhole said users should complete any required transfers well before the July 31 deadline to avoid the risk of permanently losing access to their funds. The company stressed that the migration timeline and technical process are being managed entirely by the Moonbeam team and that its announcement is intended only as an informational alert.
Moonbeam, one of Polkadot’s best-known parachains, was launched to bring Ethereum-compatible smart contract functionality to the Polkadot ecosystem. Over the years, it became home to numerous decentralized finance (DeFi) applications and cross-chain projects. However, changing market conditions and strategic priorities have prompted the project to move in a different direction.
As part of the change, Moonbeam said its GLMR token will move to Base as an ERC-20 token at a 1:1 rate. The official bridge is live and will stay open until July 31. Users who migrate during this time will keep their protocol stake.
The project is now focusing on decentralized AI infrastructure, with plans to build a protocol for AI agent communication and settlement. This migration marks the end of Moonbeam’s main operations as a Polkadot parachain.
Wormhole warned that neither it nor Portal contributors can recover assets left after the network shuts down. Users should check every migration step through Moonbeam’s official channels and be careful before approving any smart contract transactions.
The warning was echoed by Moonwell, one of the largest DeFi protocols operating on Moonbeam. The protocol advised users to withdraw or migrate all assets before the deadline, warning that funds or active lending positions remaining after July 31 could become permanently inaccessible. To support an orderly wind-down, Moonwell’s risk manager plans to accelerate reductions in collateral factors throughout the month.
The planned shutdown is a reminder that blockchain networks, even if decentralized, may not last forever. Projects can change, merge, or close as markets shift, so users need to watch for official updates and act quickly during major changes. If you have assets on Moonbeam, make sure to finish the migration before July 31 to avoid risks and keep access to your digital assets.
Moonbeam is shutting down on July 31, 2026.
Moonbeam will keep the parachain running during a transition window, but that ends on July 31, 2026. After that date, the chain winds down.
Portal and Wormhole contributors CANNOT rescue stuck assets after July 31, 2026.
Bridge any…
— Wormhole (@wormhole) July 7, 2026
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