This Blockchain Is Abandoning Its Own Network—It Has Issued an Official Statement Regarding the Switch to Another Network

The decision is driven by costs and fragmented liquidity issues. According to the statement, operating Gnosis Chain as an independent network costs Gnosis DAO approximately $7–10 million per year.

The goal of the new system is to allow a transaction on Gnosis to utilize liquidity on the Ethereum mainnet within the same transaction. A swap that accesses mainnet liquidity using CoW Swap was also demonstrated on the Rollup X testnet, which launched today at Devcon.

A significant consequence of the change concerns the existing validator structure. Gnosis has announced that the current system, consisting of approximately 200,000 independent validators, will not be maintained after the transition.

*This is not investment advice.