Pundi X Chain to Cease Operations by 2026
- Pundi X Chain to shut down, migrate to Ethereum ETH +0.67% by 2026.
- Users must bridge assets before March 1, 2026.
- Potential increase in Ethereum network users after migration.
Pundi X Labs has announced the shutdown of Pundi X Chain on March 1, 2026, with a full migration to Ethereum, requiring users to bridge assets.
The migration is significant for Pundi X’s ecosystem, potentially impacting market dynamics as PUNDIX becomes Ethereum-native. Immediate user action is necessary to prevent asset loss.
Pundi X Labs has announced the closure of Pundi X Chain on March 1, 2026, marking a transition to the Ethereum ecosystem. The move aims to create a more unified and secure environment for users.
The core team at Pundi X has initiated the migration process to Ethereum, directing users to bridge their assets off the Pundi X Chain. This decision underscores the commitment to enhance scalability and security.
The shutdown is expected to impact PUNDIX holders, as they are required to migrate assets to Ethereum. This shift may also influence the Ethereum network’s adoption, potentially increasing its user base and activity.
Financial implications include the potential devaluation of PUNDIX tokens on the native chain if users do not migrate. The move is part of a strategy for a more scalable operation on Ethereum.
The move represents a strategic alignment towards Ethereum, aiming to leverage its wider adoption. Stakeholders must adjust portfolios accordingly, considering both the restrictions and opportunities presented by this migration.
Historical data shows similar migrations have led to increased adoption of the host blockchain, suggesting a long-term positive outlook for Ethereum. According to Pundi X Labs, “Pundi X Chain Shuts Down on 1 March 2026. We are migrating to Ethereum to create a more unified, secure, and scalable Pundi X ecosystem. All users must bridge their assets from the Pundi X Chain before the shutdown.” The move also presents opportunities for technological enhancements and user engagement.
