ICON will officially sunset at the end of 2026, ICX migration to SODA deadline set

BlockBeats News, May 25th, The official announcement from the cross-chain liquidity layer platform SODAX stated that the Layer 1 platform ICON Network, which has been in operation for nearly nine years, will officially cease operation on December 31, 2026, completing a full migration to SODAX. At that time, the ICON chain will be permanently closed, retaining only a read-only historical query function.

According to the announcement, the final migration deadline for ICX to SODA is also December 31, 2026. After the deadline, ICX will no longer be able to migrate. Starting from September 30, 2026, two-way exchange will cease, and only ICX → SODA one-way migration will be supported.

SODAX stated that as cross-chain infrastructure matures, the industry bottleneck has shifted from "settlement" to "liquidity, user experience, and execution efficiency." Therefore, the project will fully focus on SODAX's cross-network execution and liquidity system. Currently, SODAX supports transaction coordination among 18 blockchain networks.

The official announcement mentioned that shutting down the ICON Layer 1 network will help concentrate resources on SODAX's ecosystem development. Currently, SODAX has launched a new version of the SDK, a cross-chain lending market, a Protocol-Owned Liquidity (POL) system, and has integrated with projects such as Bound Exchange and Houdini Swap. In addition, SODA has also entered Kraken's listing roadmap.