This historic crypto abandons its blockchain

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https://cryptoast.fr/cette-crypto-histoire-abandon-blockchain/

After seeing their number explode in recent years, more and more blockchain projects are announcing their closure in 2026, due to operating costs considered too high and an insufficient community to ensure their profitability, while others are trying to retreat to more efficient ecosystems.

A context in which the Lisk project announced the scheduled shutdown of its blockchain last August, with a trigger date set at the end of October. A countdown visibly respected, since this November 2 “the Lisk Chain has officially been stopped” according to its publication on the X network.

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The Lisk Portal and Lisk Bridge are now closed, and the rest of the chain is being switched off behind them.

For ten years, Lisk built onchain alongside the developers, stakers and holders who made it what it is. Everything we learned…

As of this date, “user services closed first, on November 2, 2026, including the Lisk Portal and the Lisk Bridge. The rest of the chain is then gradually deactivated.”

Enough to further reduce the available quantity of this native cryptocurrency of the Lisk project, following the destruction of the 100 million units held by its DAO already carried out last September, with the aim of reducing its total supply from 400 to 300 million LSK.

And even if these two operations seem to give some momentum to the price of the LSK cryptocurrency, it still remains down 99.5% since its historic peak recorded in January 2018 at around $35.

Enough to wonder about the future prospects of this token, as the Lisk project announces its desire to see it “continue to exist as a Lisk loyalty token, on Ethereum”.

Because even if the Lisk blockchain ceases to function, the project itself does not close its doors. Indeed, everything that its developers have learned during its ten years of existence must now be used in the development of the “new Lisk”, presented as a “modern financial platform for businesses, where fiat currencies and stablecoins work together in the same place”.

A service capable of allowing management of all financial operations on a single system, by offering accounts funded with fiat currency or stablecoins, bank transfers (ACH, wire and SEPA) and payments in stablecoins to more than 100 countries, and asset management using portfolios managed in real time, which benefit from their own validation rules.

Machine-translated from French