Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
ETH 
WBTC Withdrawal Window and Deadline
Silicon Network has announced that it will cease operations. The network stopped making new bridge deposits on September 2, 2026 and officially started the shutdown process. The closure marks the beginning of a withdrawal period and users must transfer funds from the chain to other addresses by December 31, 2026.
Silicon warned that once the above deadline is exceeded, its block browser and web services will be permanently shut down. By then, any assets still on the chain will not be recoverable.
Silicon is an Ethereum Layer 2 (L2) network built based on the Polygon CDK framework and connected to Agglayer. The network has close ties to Korea's main cryptocurrency exchange Kbit. Silicon emphasizes its nature as an unmanaged service provider, which means users are responsible for managing and withdrawing their assets before shutting down.
Withdrawal Paths and Precautions
For assets initially transferred from the Ethereum main network to the Silicon network through bridging, users can send them back to the main network during the withdrawal period. External wallet holders need to initiate this process themselves. In addition, users must ensure that there is enough ETH in their account to pay Gas fees. If final confirmation is not completed before the December 31 deadline, funds may be at risk of loss.
The Silicon network-based Web3 wallet launched by Korbit will also be discontinued. The product was designed to provide exchange customers with access to decentralized applications (DApps), but came to an end less than two years after its launch.
Assets stranded in networks
According to L2Beat, there are still nearly $9.75 million in assets on the Silicon network. These assets are scattered among multiple tokens:
- USDC has the largest share, valued at approximately US$2.66 million;
- WBTC is closely followed, valued at approximately US$2.54 million;
- ETH holds a total value of US$2.08 million; and
- USDT is valued at approximately US$1.85 million.
The difficulty of withdrawing different tokens depends on the specific asset type held by the user. Assets originating from the Ethereum main network have a clearer path back to the main network. However, tokens issued directly on the Silicon network face a different situation: their ability to exit depends on the remaining liquidity of the network, which is shrinking as the closure date approaches.
The closure of Silicon reflects the trend of small Ethereum Layer 2 networks exiting one after another due to their inability to maintain sufficient activity. The project once aimed to bring users of the Korean Exchange into the broader Ethereum ecosystem with Korbit's support, connecting centralized exchange customers with on-chain applications. However, this effort came to an end less than two years after it was launched.
Currently, users who still hold Silicon network assets need to take action before the end of the year. Starting December 31, the network and its block browser will be permanently offline.
