Ethereum L2 Network Lisk Chain Shuts Down on November 2 as New Lisk Pivots to Enterprise Finance Platform

November 3: According to the official blog, Ethereum L2 network Lisk announced that Lisk Chain shut down on November 2, 2026, marking the official end of Lisk Chain and the launch of the new Lisk—a modern finance platform for enterprises. LSK will continue as Lisk's loyalty token, running on Ethereum.

Lisk Chain was shut down in phases, with user services stopped first, including Lisk Portal and Lisk Bridge. After the shutdown, approximately 5.2 million LSK remaining in the staking rewards contract will be burned, including unallocated rewards and rewards that were earned but not claimed, further reducing total supply after the 100 million LSK burned in September. The new Lisk is positioned as a modern finance platform for enterprises, integrating accounts, payments, and approvals into a single workspace, supporting fiat and stablecoins across more than 100 countries. LSK has a total supply of 300 million and an inflation rate of 0%, and starting in 2027, enterprises will earn and use LSK on Lisk.