Zero Network announced that it has decided to close down after approximately 18 months of operation as a Layer 2-based platform aiming to eliminate transaction fees in the Ethereum ecosystem. All users holding assets on this network, launched by Zerion, founded in 2016, must transfer their ETH, ERC-20 tokens and NFTs to alternative networks by July 31, 2026 at the latest.
Closing Process and Roadmap for Users
Zero Network, which was implemented in November 2024, was an Ethereum-compatible EVM-based Layer 2 solution, and its most important feature was that it allowed completely free (gas-free) transactions. The platform was developed to eliminate transfer costs on the blockchain and simplify the user experience. However, Zerion chose to terminate its independent blockchain activities on the grounds that it was not compatible with its long-term goals.
With the decision, all investments on the Zero Network—ETH, NFT and token assets—will be kept active so that users can transfer them safely. However, new investments will not be made; It will no longer be possible to send tokens, NFTs or ETH over the network. Zerion stated that users will be able to access all their assets until the closing date and that they will continue to provide technical support on transfer transactions.
Zerion’s Strategic Direction Change and Sectoral Outlook
Zerion, the company behind Zero Network, is particularly known for its “custody and manage” wallet solution that can be used on mobile and in the browser. The company launched Zero Network to accelerate the spread of blockchain transactions. However, in the statement, it was stated that managing an independent blockchain network consumed a large portion of the team’s resources and that the main product, the wallet and API developments, could not be focused enough.
The closure of Zero Network brings to mind other projects that have recently been closed for similar reasons. Recently, many Layer 2 and infrastructure providers have withdrawn from the market; In particular, Everclear and Syndicate Labs also announced that they were ending their activities. This situation shows that it is becoming increasingly difficult to maintain activities in the sector and use resources efficiently.
Mini-dictionary: Layer 2 is a second layer technology built on top of an existing blockchain (e.g. Ethereum) and added on top of the main chain, increasing transaction capacity and reducing network fees. Such solutions aim to reduce transaction traffic on the network and improve user experience.
Zerion will direct its resources directly to wallet services, API developments and various integration partnerships in the coming period. The company believes that this change will be the key to providing more efficient and sustainable service to its users in the long term.
Important Notice and Deadline for Users
Users who still hold assets on the Zero Network must withdraw all their tokens and NFTs by the specified date. Users can perform transfer transactions via the Zerion Wallet application or compatible bridge services. After the network is completely closed, it will not be possible to return unmoved assets.
The access and transfer opportunity offered by the platform will continue until July 31, 2026. Zerion stated that it will continue to provide comprehensive documentation and technical support until the end of the process.
In the statement made by Zero Network, it was emphasized that in order to avoid any grievance, all users should safely transfer their assets to other networks before July 2026 at the latest and pay attention to address verification before the transaction.
The termination of Zero Network highlights the sustainability of independent Layer 2 networks and competitive pressure in the crypto industry. It is stated that after the experience gained, innovative services will be developed for users as the company turns its focus back to its main products.
