Lisk Announces That Its Ethereum Layer 2 Network, Lisk Chain, Was Shut Down on November 2
Lisk announced that its Ethereum Layer 2 network, Lisk Chain, was shut down on November 2. User-facing services such as Lisk Portal and Lisk Bridge were shut down first, followed by the remaining on-chain components. After the shutdown, approximately 5.2 million LSK remaining in the staking rewards contract, which had never been allocated or had been earned but not claimed, will be burned, further reducing the total supply. Previously, 100 million LSK were burned in September.
The company said the new Lisk is positioned as an enterprise modern financial platform, providing features such as accounts, payments, approvals and portfolios, and is currently at an early stage. LSK will continue to exist on Ethereum as Lisk's loyalty token, with a total supply of 300 million tokens and a 0 inflation rate, and enterprises will be able to earn and spend LSK on Lisk starting in 2027. Assets left on Lisk Chain cannot be guaranteed to be recovered, and the platform plans to launch a manual claims process in January 2027.
Original sources:
Title: The Lisk Chain has closed. The new Lisk is just getting started. Publisher: Lisk official blog Publication date: 2026-11-02 URL: https://lisk.com/blog/posts/lisk-chain-has-closed/ Source type: official company announcement Verification status: the full official blog was accessed for this reading (verified on 2026-11-02) Supporting content: supports all key facts in the body, including the November 2 shutdown, user services being shut down first, the destruction of approximately 5.2 million LSK, the destruction of 100 million tokens in September, the positioning of the new platform, LSK continuing as an Ethereum loyalty token (300 million total supply, zero inflation), enterprise use starting in 2027, and the planned manual claims process in January 2027
ABAB AI Insight
The shutdown of Lisk Chain was carried out in stages: user-facing services (Portal and Bridge) were closed on November 2, and the remaining on-chain components were closed afterward. The destruction of approximately 5.2 million LSK covers staking rewards that had never been allocated or had been earned but not claimed; user-staked LSK is not included. This follows the 100 million LSK burned in September through a DAO proposal, bringing the total supply down from 400 million to 300 million.
The new Lisk is positioned as an enterprise-oriented modern financial platform that integrates accounts, payments, approvals and portfolios into a single workspace, supporting fiat currency and stablecoins. The official statement says the platform is in early access. LSK remains on Ethereum as a loyalty token, with zero inflation, and enterprises will be able to earn and spend it starting in 2027.
For assets that remain on the shut-down chain, the official statement makes clear that recovery cannot be guaranteed, and a manual claims process is planned for January 2027. The official has previously reminded users multiple times to bridge assets to Ethereum before the deadline. This transition reflects the project’s shift from operating a Layer 2 blockchain to enterprise financial services, with LSK changing from an on-chain ecosystem token to a platform loyalty token.
ABAB News · Cognitive Law
Lisk Chain was shut down on November 2, user services were closed first, and approximately 5.2 million unallocated/unclaimed LSK will be burned.
LSK continues as a loyalty token on Ethereum, with a total supply of 300 million and zero inflation, and enterprises will be able to use it starting in 2027.
There is no guarantee that assets remaining on-chain can be recovered, and a manual claims process is planned for January 2027.