Harmony to Shut Down Network, Migrate ONE to Ethereum

This shutdown signals a broader reckoning for smaller layer-1s facing escalating security costs and thinning developer mindshare. The forced migration timeline creates a hard deadline for liquidity and governance decisions, making the next year a stress test for how value and user trust transfer across chains. Watch whether the airdrop mechanics and validator pool distribution actually preserve community continuity, or if the exit accelerates fragmentation. The open question is whether other similarly positioned networks will follow this precedent, turning migration into a standard, rather than exceptional, lifecycle event.