Harmony Proposes Network Sunset, ONE Move to Ethereum

What Harmony proposes for its network and ONE

Harmony has put forward a proposal to sunset its Layer 1 network and relocate its ONE token onto Ethereum, according to reporting from The Defiant. The account describes a proposed direction rather than a change that governance has ratified or that engineering has begun rolling out. For related coverage, see Harmony Rollback Plan After Token Forgery Exploit.

Proposed network sunset

The core of the proposal is winding down Harmony’s own chain. Framed conditionally, a sunset would end the operation of the existing Layer 1 rather than upgrade or fork it, though the supplied reporting does not detail a shutdown sequence, validator wind-down, or any timeline. We previously covered the mechanics in our breakdown of the Harmony Layer 1 sunset and Ethereum token migration proposal. For related coverage, see PolyNext Awards & Conference Dubai 2026: Advancing the Global Dialogue on Plastic Recycling and Circularity.

Proposed move of ONE to Ethereum

Under the proposal, ONE would move to Ethereum as its settlement layer instead of remaining native to Harmony’s chain. No token standard, conversion ratio, contract address, or migration deadline has been established in the material available, so the destination is defined by the proposal’s stated intent, not by published migration mechanics. For related coverage, see AINext Awards & Conference Dubai 2026: Where AI Leaders, Innovators and Decision-Makers Shape the Future of Artificial Intelligence.

How the AI video pivot fits the proposal

The proposal links the network sunset and the ONE relocation to a pivot toward AI video, tying the token and infrastructure decisions to a change in Harmony’s product direction rather than presenting them as standalone chain maintenance. This framing echoes prior signals from the team, which we tracked when Harmony discussed shutting down its blockchain amid AI-related pressures.

The proposed AI video direction

The AI video pivot is presented as the rationale connecting the two proposed changes, but the supplied material does not specify a product, business model, funding plan, or any launched service. Nothing in the available reporting confirms partnerships, adoption, or revenue attached to that direction.

ONE’s role remains unspecified in the supplied context

Whether ONE would carry new utility inside an AI video product is not addressed by the available material. The proposal names Ethereum as the token’s destination without defining what function ONE would serve there, so any specific token-utility claim would go beyond the evidence.

What remains unclear for ONE holders and network users

Because the proposal is described rather than documented in the supplied context, the practical terms that would let holders and users assess it are not yet established here. These gaps reflect what is absent from the available material, not necessarily what is absent from the underlying proposal.

Approval, timing, and holder procedures

Approval requirements, a vote schedule, migration terms, and any holder procedures are not laid out in the available reporting. Readers should treat those items as details requiring confirmation from Harmony’s own proposal text before acting on them.

Continuity for network users and applications

How existing network activity, deployed applications, and on-chain balances would be handled through a sunset is likewise unspecified in the supplied context. Until Harmony publishes migration mechanics and a decision process, the proposal remains conditional and its effects on current users cannot be characterized from the evidence at hand.

Additional source references: source document 1.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.