PANews reported on May 25th that the public blockchain project ICON Network will officially shut down and permanently cease operations on December 31, 2026, retaining only read-only historical query functionality. The deadline for migrating tokens from ICX to SODA is the same day; transactions after this date will no longer be possible. From September 30, 2026, the migration channel will be adjusted to only support one-way exchanges from ICX to SODA. The official statement indicates that this marks the project's full transition to the cross-chain execution and liquidity infrastructure SODAX. Currently, it has connected to 18 networks and migrated all of ICON's protocol-owned liquidity to SODAX for cross-chain exchanges, lending, and other businesses. Users holding ICX must complete the migration through SODA Exchange before the deadline; centralized exchanges will gradually support automatic conversion in the future.
