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MilkyWay Begins Layer 1 Blockchain Mainnet Shutdown After Asset Migration

According to the official announcement, MilkyWay completed a chain upgrade, returned bridged assets such as TIA to native networks, and asked affected users to submit wallet addresses if funds are not visible.

TIA

Summary

MilkyWay said in an official announcement that it has begun shutting down its Layer 1 mainnet after completing a chain upgrade and sending all assets from MilkyWay L1 back to their native chains. The protocol stated that user assets, including TIA bridged from Celestia, have been returned to their original networks. It added that users who cannot see their funds should submit their wallet addresses for assistance.

Terms & Concepts
  • Layer 1 mainnet: The live base blockchain network that operates independently and processes its own transactions and state.
  • Native chains: The original blockchain networks where tokens are issued and ultimately reside, rather than wrapped or bridged versions on another chain.
  • TIA: The native token of the Celestia network, used within its modular blockchain ecosystem.