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Project Overview
Lisk is a cost-efficient, fast, and scalable Layer 2 (L2) network based on Optimism (OP) that is secured by Ethereum. Built on the MIT-licensed OP Stack and partnered with Gelato as a RaaS provider, Lisk contributes to scaling Ethereum to a level where blockchain infrastructure is ready for mass adoption.
Down 78.5% from its weekend high, LSK suspected to be market-made by GSR Markets
According to on-chain analyst Ai Yi, 6 hours ago, a multisig address transferred 9.2 million LSK, worth $6.52 million, to another address; subsequently, 2 million LSK was deposited to GSR's Binance deposit address. A similar operation occurred 9 months ago. LSK briefly rose to $2.37 last weekend, a gain of nearly 10x, and is now trading at $0.5084, with its market cap down 78.5% from its peak.
BTC and ETH exchange reserves are accelerating their divergence, with ETH continuously flowing out of CEXs
Odaily Report: Leon Waidmann, Business Development Lead at Lisk, posted on X that the supply reserves of ETH and BTC on exchanges are undergoing a dramatic divergence. BTC's exchange supply ratio stands at 16.5%, while ETH has dropped below 12.7%, a gap of nearly 4 percentage points.BTC's supply on exchanges has remained relatively stable, while ETH continues to flow out of exchanges. ETH's liquid supply on exchanges is undergoing a structural tightening.
An address associated with the LSK project team deposited 3.29 million tokens worth $3.79 million to Binance 5 hours ago.
Odaily News: According to on-chain analyst Ai Yi's monitoring, an address associated with the LSK project team deposited 3.29 million tokens worth $3.79 million to #Binance 5 hours ago. This deposit came after LSK's first rapid decline ($2 > $1), and shortly after the deposit, a second wave of sharp sell-off occurred ($1.22 > $0.7), now rebounding to $1.17.
Lisk Chain will shut down on October 31.
According to official statements, Lisk clarified that whether to migrate to Celo is entirely at the discretion of each project team based on their respective products, user base, and technical architecture, and is not mandatory. The Lisk Chain will shut down on October 31, 2026, and will remain operational and supported until that date.
Lisk Chain will shut down and gradually dissolve its DAO, plans to burn 100 million LSK and pivot to an enterprise treasury management platform
Odaily News: Lisk founder Max Kordek announced that Lisk will pivot to a treasury operations platform for enterprise finance teams, offering treasury management services such as accounts, payments, and approvals, while gradually winding down its original blockchain ecosystem. The new platform targets enterprises operating across entities and jurisdictions that use both fiat and stablecoins. Early access is now available for qualified companies, supporting unified management of bank and stablecoin accounts, bank transfers, stablecoin payments and receivables, and permission-based payment approvals. Future plans include corporate cards, non-custodial treasury management, and payroll integrations.Lisk Chain will shut down on October 31, 2026. Lisk has partnered with the Celo team to provide a migration path for on-chain DApps, developers, and projects to move to the Celo network.Lisk also proposed a plan to gradually dissolve the Lisk DAO, including burning 100 million LSK from the DAO treasury, reducing total supply from 400 million to 300 million; removing staking penalties and allowing holders to flexibly unstake, while gradually shutting down DAO governance infrastructure.Lisk stated that LSK will transform into a "loyalty token" for the new platform, where enterprises can earn rewards by using Lisk's treasury operations platform and referring other businesses, and may also use LSK to pay platform fees in the future. LSK will primarily operate on Ethereum and Base going forward. Users who still hold LSK on Lisk Chain must complete the migration to Ethereum before October 31.
Lido withdraws official support for wstETH bridge endpoints on nine networks including zkSync Era
based on the results of the Lido DAO Snapshot vote, Lido has revoked the official endorsement status of wstETH bridge endpoints on nine networks: zkSync Era, Mode, Scroll, Mantle, Swell, Zircuit, Soneium, Polygon PoS, and Lisk.The funds of users holding wstETH on these networks remain safe, and no action is required. This revocation is a governance decision and will not disable any bridges, invalidate tokens, or affect users' ability to bridge wstETH back to Ethereum. Future proactive monitoring, marketing support, and ecosystem development for wstETH on the affected networks will cease. Relevant network information will be updated on Lido's multichain page, documentation, and help center.
Related news
Down 78.5% from its weekend high, LSK suspected to be market-made by GSR Markets
According to on-chain analyst Ai Yi, 6 hours ago, a multisig address transferred 9.2 million LSK, worth $6.52 million, to another address; subsequently, 2 million LSK was deposited to GSR's Binance deposit address. A similar operation occurred 9 months ago. LSK briefly rose to $2.37 last weekend, a gain of nearly 10x, and is now trading at $0.5084, with its market cap down 78.5% from its peak.
BTC and ETH exchange reserves are accelerating their divergence, with ETH continuously flowing out of CEXs
Odaily Report: Leon Waidmann, Business Development Lead at Lisk, posted on X that the supply reserves of ETH and BTC on exchanges are undergoing a dramatic divergence. BTC's exchange supply ratio stands at 16.5%, while ETH has dropped below 12.7%, a gap of nearly 4 percentage points.BTC's supply on exchanges has remained relatively stable, while ETH continues to flow out of exchanges. ETH's liquid supply on exchanges is undergoing a structural tightening.
An address associated with the LSK project team deposited 3.29 million tokens worth $3.79 million to Binance 5 hours ago.
Odaily News: According to on-chain analyst Ai Yi's monitoring, an address associated with the LSK project team deposited 3.29 million tokens worth $3.79 million to #Binance 5 hours ago. This deposit came after LSK's first rapid decline ($2 > $1), and shortly after the deposit, a second wave of sharp sell-off occurred ($1.22 > $0.7), now rebounding to $1.17.
Lisk Chain will shut down on October 31.
According to official statements, Lisk clarified that whether to migrate to Celo is entirely at the discretion of each project team based on their respective products, user base, and technical architecture, and is not mandatory. The Lisk Chain will shut down on October 31, 2026, and will remain operational and supported until that date.
Lisk Chain will shut down and gradually dissolve its DAO, plans to burn 100 million LSK and pivot to an enterprise treasury management platform
Odaily News: Lisk founder Max Kordek announced that Lisk will pivot to a treasury operations platform for enterprise finance teams, offering treasury management services such as accounts, payments, and approvals, while gradually winding down its original blockchain ecosystem. The new platform targets enterprises operating across entities and jurisdictions that use both fiat and stablecoins. Early access is now available for qualified companies, supporting unified management of bank and stablecoin accounts, bank transfers, stablecoin payments and receivables, and permission-based payment approvals. Future plans include corporate cards, non-custodial treasury management, and payroll integrations.Lisk Chain will shut down on October 31, 2026. Lisk has partnered with the Celo team to provide a migration path for on-chain DApps, developers, and projects to move to the Celo network.Lisk also proposed a plan to gradually dissolve the Lisk DAO, including burning 100 million LSK from the DAO treasury, reducing total supply from 400 million to 300 million; removing staking penalties and allowing holders to flexibly unstake, while gradually shutting down DAO governance infrastructure.Lisk stated that LSK will transform into a "loyalty token" for the new platform, where enterprises can earn rewards by using Lisk's treasury operations platform and referring other businesses, and may also use LSK to pay platform fees in the future. LSK will primarily operate on Ethereum and Base going forward. Users who still hold LSK on Lisk Chain must complete the migration to Ethereum before October 31.
Lido withdraws official support for wstETH bridge endpoints on nine networks including zkSync Era
based on the results of the Lido DAO Snapshot vote, Lido has revoked the official endorsement status of wstETH bridge endpoints on nine networks: zkSync Era, Mode, Scroll, Mantle, Swell, Zircuit, Soneium, Polygon PoS, and Lisk.The funds of users holding wstETH on these networks remain safe, and no action is required. This revocation is a governance decision and will not disable any bridges, invalidate tokens, or affect users' ability to bridge wstETH back to Ethereum. Future proactive monitoring, marketing support, and ecosystem development for wstETH on the affected networks will cease. Relevant network information will be updated on Lido's multichain page, documentation, and help center.