The ICON Network, a Layer 1 blockchain platform, will shut down on December 31, 2026, as announced by SODAX, a cross-chain liquidity layer platform. This marks the end of nearly nine years of operation for ICON. The network will transition to a read-only state, preserving historical data access. Users must migrate their ICX tokens to SODA by the same date, as post-deadline migrations will not be possible. Starting September 30, 2026, only one-way migration from ICX to SODA will be supported, ending two-way trading. SODAX's decision to close ICON is driven by a strategic shift to enhance liquidity, user experience, and execution efficiency in cross-chain operations. The platform currently facilitates transactions across 18 blockchain networks and aims to focus resources on its cross-network execution and liquidity system. SODAX has introduced a new SDK, a cross-chain lending market, and a Protocol-Owned Liquidity system, and has integrated with projects like Bound Exchange and Houdini Swap. Additionally, SODA is set to be listed on Kraken's roadmap.