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
SpaceX (SPCX.US) has 80% upside potential hidden in Starship? Morgan Stanley: The 15th test flight will be a major catalyst
Morgan Stanley stated that SpaceX's upcoming 15th Starship flight mission could mark an important step toward making its next-generation rocket fully reusable, potentially expanding the company's opportunities in satellite communications and artificial intelligence (AI) sectors.
Up 20% in October, funds bet on another 30% surge! "Self-destructing" Snap (SNAP.US) call options soar as specs push for $5 billion valuation
As of Monday during the U.S. stock market hours, Snap has risen by more than 20% this month, and its options trading volume has surged to over four times the monthly average. Of the approximately $5.5 million in total options premiums traded, about $5 million came from call options.
Ahead of Earnings Report, Bank of America Raises Target Price for TSMC: 2nm Capacity Ramp-Up Boosts Sales Expectations and Profit Margins
Ahead of TSMC’s Q3 earnings report, Bank of America Merrill Lynch raised its US stock target price to $620 and maintained a Buy rating. Q3 revenue is expected to exceed the upper end of guidance, with the proportion of 2nm process rising from 3% to 11% in a single quarter, becoming the biggest highlight. Q4 sales are expected to increase by another 11% quarter-on-quarter, targeting a full-year growth rate of 40%. The current stock price corresponds to a forward P/E ratio of 16, which is still at the historical median. Bank of America believes the valuation is “not demanding,” implying approximately 37% upside to the target price.
