Moonbeam Halts GLMR Transactions as Network Migrates to Base, Late Users Directed to Support

Aug 1, 2026

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.