Wu learned that cross-chain protocol Wormhole has announced that the Moonbeam network will officially shut down on July 31, 2026. Moonbeam will maintain its parachain operations during the transition period, but the chain will cease operations after July 31. Wormhole stated that after this date, Portal and Wormhole contributors will be unable to assist in retrieving any assets stored on the chain. Wormhole recommends that users transfer external assets cross-chain out through Moonbeam's official channels before the deadline. Previously, Moonbeam announced a full exit from the Polkadot ecosystem, migrating GLMR tokens to the Base network at a 1:1 ratio.