On July 8, the Wormhole interoperability platform announced on X that the Moonbeam network will officially shut down on July 31; the transition period (during which the parachain remains operational) will end on that day, after which the chain will begin a gradual shutdown. Portal and Wormhole contributors will not be able to assist in retrieving stuck assets after July 31. Wormhole urges users to complete bridge transfers before the deadline.
Wormhole: After July 31, Portal and contributors cannot assist in retrieving stuck assets
According to Wormhole's official announcement on X, the following three points are the most critical user warnings:
First, the transition period for the Moonbeam parachain will officially end on July 31, 2026, after which the chain will gradually shut down;
Second, Portal and Wormhole contributors will not be able to assist in rescuing or retrieving stuck assets left on the network after July 31, 2026;
Third, this announcement is made by Wormhole, but the migration process and deadlines are set and executed by Moonbeam, not by Wormhole or Portal, and may be subject to change without notice;
Users must verify migration steps directly through the Moonbeam official portal, cross-check all instructions before signing any transaction, and take full responsibility for their own transactions.
GLMR tokens migrate 1:1 to Base, official bridge open until July 31
According to Moonbeam's official announcement on July 4, the Ethereum-compatible smart contract platform Base announced that GLMR tokens will migrate to Base at a 1:1 ratio, becoming native ERC-20 tokens; the official bridge is now open and will remain open until July 31, 2026.
Users who migrate tokens via the bridge will retain their existing rights in the protocol. This effectively marks the end of Moonbeam's primary operations on Polkadot, with the network planning to eventually shut down the original Polkadot chain.
Transition from Polkadot parachain to decentralized AI agent communication and settlement network
According to reports, Moonbeam is a Polkadot-based parachain designed to provide Ethereum-compatible smart contract functionality, serving as a platform for various decentralized applications, DeFi protocols, and cross-chain activities. As part of this migration, Moonbeam has launched a new protocol focused on decentralized AI agent communication and settlement; this transformation marks the official end of Moonbeam's primary operational model on Polkadot.
Moonwell urges users to withdraw assets before the deadline
According to Moonwell's official announcement, DeFi protocol Moonwell urges all users with assets or active positions on its Moonbeam deployment to act quickly; after the Moonwell Moonbeam market closes, any funds or holdings left by users may become permanently inaccessible.
Moonwell's risk management team Anthias will propose accelerating the reduction of Moonbeam market collateral rates in this month's parameter update to ensure a safe and orderly closure process.
Frequently Asked Questions
When will the Moonbeam network shut down, and what do users need to do before the deadline?
According to Wormhole's announcement, the Moonbeam network will shut down on July 31, 2026, and the parachain's transition period will end on that day; users should complete all external asset bridge transfers before the July 31 deadline via the Moonbeam official portal.
Can Wormhole assist in retrieving stuck assets after July 31?
According to Wormhole's official announcement, Portal and Wormhole contributors will not be able to assist in retrieving or rescuing any stuck assets left on the Moonbeam network after July 31, 2026; users are fully responsible for their own transactions.
How do GLMR tokens migrate, and when does the official bridge close?
According to Moonbeam's announcement on July 4, GLMR tokens will migrate to Base at a 1:1 ratio and become ERC-20 tokens; the official bridge is currently open and will remain open until the deadline of July 31, 2026. Users who migrate via the bridge will retain their existing rights in the protocol.
