$9.75 million in assets awaiting withdrawal; Ethereum Layer 2 network Silicon announces shutdown by year-end

Odaily News: Ethereum Layer 2 network Silicon stopped accepting new bridge deposits on September 2 and has initiated its shutdown process. Users must withdraw all assets before December 31. After that, the network and block explorer will go offline, and remaining assets will be unrecoverable. Currently, approximately $9.75 million in assets remain on-chain, including $2.66 million in USDC, $2.54 million in WBTC, $2.08 million in ETH, and $1.85 million in USDT. Assets bridged from the Ethereum mainnet can be withdrawn directly back to the mainnet within the window period. However, tokens issued directly on Silicon cannot be bridged out and can only be swapped using remaining on-chain liquidity. As the shutdown progresses, swapping may become increasingly difficult. Silicon's Web3 wallet will also be discontinued.