Moonbeam Begins GLMR Migration to Base Before July 31
- Moonbeam launched the GLMR migration with a July 31, 2026 bridge deadline.
- GLMR will become a native ERC-20 token on Base through a 1:1 swap.
- Moonbeam introduced a decentralized AI agent protocol alongside the network transition.
Moonbeam (GLMR) migration to Base has officially begun, marking a significant change for the Ethereum-compatible network. The project confirmed that GLMR holders can now bridge tokens through the official portal before the July 31, 2026 deadline. The move also introduces the new Moonbeam Protocol, designed for decentralized AI agent communication and on-chain settlement.
Moonbeam GLMR Migration Introduces New AI Focus
The Moonbeam GLMR migration will convert GLMR into a native ERC-20 token on Base through a 1:1 swap. According to the project, users who complete the migration will maintain their participation in the protocol after the transition.
Moonbeam said the move represents a strategic shift away from its long-standing role within the Polkadot ecosystem. The network plans to gradually wind down its existing blockchain while expanding its presence on Base.
Alongside the migration, Moonbeam unveiled the Moonbeam Protocol, a decentralized infrastructure that enables AI agents to discover services, negotiate tasks, and settle payments using verifiable on-chain proofs.
Moonbeam GLMR Migration Requires Action Before July 31
The Moonbeam GLMR migration requires self-custody holders to bridge their tokens before the July 31 deadline using the project’s official migration portal. Users holding GLMR on centralized exchanges generally do not need to take action, although they should monitor exchange announcements for migration timelines.
The team also advised users to withdraw assets locked in staking, lending markets, liquidity pools, or other DeFi applications before bridging. Any remaining assets on the Moonbeam chain could become inaccessible after the network eventually ceases operations.
Nova Wallet issued a similar reminder, urging holders with GLMR or other assets such as DOT and stablecoins on Moonbeam or connected parachains to transfer funds before the deadline.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Stocks Last Week: Institutions Set Record for "Selling", Retail Investors Set Record for "Buying the Dip"
Last week, hedge funds recorded the largest net sell-off in the TMT sector in history, with net exposure dropping to the 0th percentile. However, at the same time, retail investors made record purchases through leveraged ETFs, with SOXL alone absorbing $7 billion. The issue is that the overall institutional exposure remains as high as 213.9%. In other words, fund managers opted for hedging rather than genuinely deleveraging and exiting the market.
JP Morgan's Preview of North American Metals & Mining Earnings: Q4 Guidance and Lagging Pricing in Focus; Favorable Outlook for Carpenter Technology (CRS.US)
Several steel and metal companies will be announcing their financial results one after another.
Crypto prices
More
