ICON will officially sunset at the end of 2026, ICX migration to SODA deadline set

Breaking: SODAX, a cross-chain liquidity layer platform, officially announced that ICON Network—a Layer 1 blockchain with nearly nine years of operation—will permanently shut down on December 31, 2026, with all assets fully migrated to SODAX. After this date, the ICON chain will be decommissioned, retaining only a read-only function for historical queries. Per the announcement, the final deadline to migrate ICX tokens to SODA is also December 31, 2026. No further ICX migrations will be allowed past this date. Starting September 30, 2026, two-way swaps between ICX and SODA will be suspended, with only one-way migration from ICX to SODA supported afterward. SODAX stated that as cross-chain infrastructure matures, the industry’s core bottleneck has shifted from settlement to liquidity, user experience, and execution efficiency. The project will therefore focus fully on developing SODAX’s cross-network execution and liquidity system, which currently enables transaction coordination across 18 distinct blockchains. The official release added that winding down ICON’s Layer 1 network will help SODAX consolidate resources for its own ecosystem growth. To date, SODAX has launched an updated SDK, a cross-chain lending market, a Protocol-Owned Liquidity (POL) system, and integrations with projects including Bound Exchange and Houdini Swap. Additionally, the SODA token is on Kraken’s listing roadmap.