TechFlow reports that, according to an official announcement on May 25, the ICON network will permanently shut down on December 31, 2026. At that time, on-chain transactions will cease, and only a read-only archive will remain available for historical queries. The final deadline for the ICX → SODA token migration is also December 31, 2026; no migrations will be accepted after this date. Starting September 30, 2026, two-way migration will be discontinued, and only one-way ICX → SODA conversion will be supported.
Launched in 2017, the ICON network has operated for nine years. As industry demand has shifted from cross-chain settlement toward liquidity and execution efficiency, the project team has decided to concentrate all resources on SODAX. SODAX is now integrated with 18 blockchain networks and has launched cross-network trading, lending, SDK v2, and money market functionalities. It has also been admitted into the Circle Consortium and added to Kraken’s listing roadmap.
