5 Crypto Companies Shutter This Week in Market Slump

Ethereum Layer 2 Zero Network Pulls the Plug After Just 1.5 Years

After operating for around 1.5 years, the Ethereum Layer 2 project Zero Network announced that it is shutting down its standalone chain and pivoting toward expanding the Zerion API and wallet products. The team said the network was originally launched with the belief that gas fees remained one of the biggest barriers to mainstream crypto adoption, according to a statement shared on X. Full Shutdown Timeline Zero Network described itself as the f…

Zero Network Announces Closure: Ethereum Layer 2 Platform Sets July 2026 Deadline – #CryptoUpdatesGNIT

Quick Summary Zero Network shutting down operations; users have until July 31, 2026, to withdraw assets. Gasless Ethereum Layer 2 platform ceasing operations after approximately 18 months. Zerion directing users to immediately bridge ETH, tokens, and NFTs off the network. Gasless rollup experiment concludes as company refocuses on wallet development. Closure reflects strategic pivot toward Zerion’s primary wallet and API offerings. Zero Network,…

Ethereum Layer 2 Zero Network to Cease Operations After 1.5 Years

Zero Network, the gasless Ethereum Layer 2 blockchain built by crypto wallet company Zerion, is shutting down — ending an ambitious 18-month experiment that sought to eliminate one of crypto’s most persistent user experience barriers: gas fees. The announcement, made Thursday via the social media platform X, confirmed that Zerion is redirecting all resources toward its core API and wallet products. “We’re winding down ZERϴ Network to double down…

CoinStats - Ethereum Layer 2 Zero Network to Cease Operat...

Zero Network, the gasless Ethereum Layer 2 blockchain built by crypto wallet company Zerion, is shutting down — ending an ambitious 18-month experiment that sought to eliminate one of crypto’s most persistent user experience barriers: gas fees. The announcement, made Thursday via the social media platform X, confirmed that Zerion is redirecting all resources toward its core API and wallet products. “We’re winding down ZERϴ Network to double down…

5 Crypto Companies Shutter This Week in Market Slump

The crypto industry saw three high-profile projects wind down on Thursday, bringing the total to five major companies that have shuttered in the past week.