Zerion announced on May 22 that its Ethereum Layer 2 network Zero Network will be gradually shut down, with resources refocused on Zerion’s API and wallet services. Users need to move all NFTs, ETH, and other tokens out of Zero Network cross-chain to other networks by the end of July. Deposit operations have been suspended. Zerion confirmed users’ asset safety.
Shutdown plan: deadlines, asset transfers, and deposit suspension
In a post on X, the Zero team said, “We are gradually shutting down ZERϴ Network in order to invest more heavily in Zerion’s API and wallet.” Deposit operations have been suspended, and users must bridge and transfer NFTs, ETH, and other tokens to other networks by the end of July 2026. Zerion confirmed users’ asset safety, but did not explain how assets will be handled after the end-of-July deadline. The team said the basis for the shutdown decision is: “The vision for building Zero remains valid, but maintaining an independent blockchain is not the right way to achieve that vision. The best approach is to concentrate resources on the people who use our product every day.” After Zero Network is shut down, Zerion will continue operating its self-custody crypto wallet, Zerion Wallet (supporting mobile and browser extension features) launched in 2016, as well as its API services.
Recent wave of shutdowns: four protocols announced to cease operations in two days
On May 22, 2026, the same day, cross-chain infrastructure startup Everclear announced that all departments including its core user interface, protocol, foundation, and research labs will be fully closed. On May 21, 2026 (Wednesday), Ethereum infrastructure provider Syndicate Labs and the crypto card game Fantasy.top announced that they will stop operations. Multiple protocols above cited adverse market conditions as the main reason for stopping operations.
FAQ
By when do Zero Network users need to complete asset transfers?
Users need to move all NFTs, ETH, and other tokens from Zero Network cross-chain to other networks by the end of July 2026. Deposit operations have been suspended. Zerion confirmed users’ asset safety, but did not state any asset-handling plan after the end-of-July deadline.
What services will Zerion continue offering after shutting down Zero Network?
Zerion said it will concentrate resources on its API and wallet services. Zerion Wallet supports mobile and browser extension features and is a self-custody crypto wallet. Zerion was founded in 2016, and Zero Network is a Layer 2 product it launched later.
What other crypto protocols announced closures in the past two days?
Apart from Zero Network, within the two days from May 21 to 22, 2026, Everclear (cross-chain infrastructure) announced that its core departments will be fully shut down. Syndicate Labs (Ethereum infrastructure) and Fantasy.top (crypto card game) also announced they will stop operations. Multiple protocols cited unfavorable market conditions as the main reason.
