Silicon Layer 2 Stops New Bridge Deposits and Begins Shutdown Process

Ethereum Layer 2 network Silicon stopped accepting new bridge deposits on September 2 and has begun its shutdown process. According to Odaily, users must withdraw all assets by December 31, when the network and block explorer will go offline and remaining assets will no longer be recoverable. Silicon still holds about $9.75 million in on-chain assets, including $2.66 million in USDC, $2.54 million in WBTC, $2.08 million in ETH, and $1.85 million in USDT. Assets bridged from Ethereum mainnet can be withdrawn directly during the window period, while tokens issued directly on Silicon cannot be bridged out and must be exchanged through remaining on-chain liquidity. Silicon's Web3 wallet will also be discontinued.