[Zilliqa to Transform into Ethereum Layer 2, ZIL Tokens to be Retained] Zilliqa announced that its independent operation as Layer 1 over the past nine years has not achieved the expected success, with insufficient usage, funding, and liquidity. Recent security incidents have also highlighted the high maintenance costs of independent chains. The team has decided to change direction, and Zilliqa will transform into the Zilliqa Institutional Layer (ZIL), becoming an Ethereum Layer 2 platform for regulated institutions. ZIL tokens will be retained, and holders do not need to take any action at this time. Technical details will be announced in advance, and any exchanges or migrations will be subject to official announcements on the website.