Privacy public blockchain Secret Network will migrate to Arbitrum.
2026.07.08 14:54:52
According to official announcements, privacy public blockchain Secret Network has announced its migration to the Arbitrum ecosystem, with the SCRT token to be converted into an ERC-20 token on Arbitrum. The migration is scheduled to take a snapshot on September 1, 2026. Native SCRT and staked SCRT will be automatically migrated, but sSCRT, SCRT held in contracts or liquidity pools, SCRT bridged to other chains, and IBC-bridged tokens are not covered in the migration and must be converted to native or staked status before September 1. Post-migration, SCRT will remain a governance token, with the team proposing to lower its inflation rate from 9% to 5%. Upon completion of the migration, SCRT Labs will cease maintenance of Secret Network and open-source all its code, and the proposal is subject to a community governance vote. Separately, data from Coingecko shows SCRT is currently trading at $0.03965, down 30.7% over the past 24 hours.
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