Moonbeam halts user transactions on its original network as it migrates to Coinbase's Base Layer 2 network. The migration window closed on July 31, 2026, with only 24.83% of the 1.241 billion GLMR supply bridged. Late holders must contact support for discretionary, case-by-case recovery. Major exchanges like Bybit and KuCoin are terminating original network support to facilitate the transition.
Moonbeam migration to Base
- ▪Moonbeam announced on July 3, 2026, that the project would cease operating as an independent network to relaunch on the Base Layer 2 network.
- ▪The official Moonbeam migration bridge locked GLMR on the original network and released an equivalent amount from a Base reserve at a 1:1 ratio.
- ▪At approximately 20:20 UTC on July 31, 2026, the migration contract held 308.183 million GLMR, representing roughly 24.83% of the 1.241 billion total issuance.
GLMR transaction freeze
- ▪Moonbeam froze all user-directed transactions and transfers on its original network at the migration deadline.
- ▪Moonbeam closed its scheduled GLMR migration window at 23:59 UTC on July 31, 2026, and entered maintenance mode at 00:00 UTC on August 1, 2026.
Late migrator support process
- ▪The Moonbeam migration snapshot records only the direct use of the official bridge rather than the total outstanding GLMR supply.
- ▪Moonbeam directed GLMR holders who missed the migration deadline to contact its helpdesk via email for case-by-case, discretionary reviews.
Exchange support termination
- ▪Cryptocurrency exchange KuCoin confirmed support for token swaps of GLMR, Moonriver (MOVR), and Moonwell (WELL).
- ▪Cryptocurrency exchange Bybit announced the termination of Moonbeam (GLMR) and Moonriver (MOVR) networks to migrate to Base.
Migration execution risks
- ▪Moonbeam did not guarantee migration support for GLMR locked in arbitrary governance locks, DeFi positions, or unclaimed rewards.
- ▪Moonbeam warned users to withdraw GLMR from liquidity pools, lending markets, staking, crowdloans, and governance locks prior to bridging.
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