MilkyWay has announced the closure of its L1 chain, completing a chain upgrade and asset migration before the shutdown. Assets on the MilkyWay L1 have been returned to their native chains, with user-held assets already migrated back. For instance, TIA tokens previously bridged from Celestia have been returned to the Celestia network. This follows MilkyWay Protocol's decision in January to liquidate and permanently close due to insufficient DeFi demand in the Celestia ecosystem and declining interest in restaking.