ZEN Migration to Base

The migration involves winding down EON, with all native ZEN balances automatically transferring to Base via ERC-20 smart contracts (Horizen Documentation). However, wrapped ZEN (wZEN) and tokens in DeFi pools require manual action—users must unwrap wZEN and exit pools by the snapshot date to avoid losing assets. This move aligns with Ethereum’s growing DeFi dominance, boasting over $100 billion locked (DeFiLlama, July 2025). The significance? It positions Horizen to tap into Base’s low-cost, high-speed transactions, potentially boosting adoption. Users benefit from using the same wallet addresses, simplifying the transition, but the deadline adds urgency.

Recent News

Horizen has been busy in 2025. In June, the project announced this migration, backed by a Seed Round with Layer, signaling strong funding support (PitchBook, June 2025). Additionally, Horizen’s roadmap update highlighted its L3 launch plans, reinforcing its commitment to private, compliant Web3 solutions (Horizen.io, June 2025). These developments have kept the project in the spotlight, with competitors like Electric Coin Co. also vying for market share in privacy-focused blockchains.

Future Plans

Post-migration, Horizen aims to launch its L3 network, enhancing privacy features like view keys and access logs for developers (Horizen.io, 2025 Roadmap). This could attract institutional interest, especially with compliance needs rising. The project also plans to expand its DeFi ecosystem on Base, leveraging Ethereum’s infrastructure for broader reach.

Onchain Data

Exact transaction volumes for EON are unavailable due to limited public analytics, but Ethereum Layer-2 networks like Base have seen a surge, with over 2 million daily transactions recently (Etherscan, July 2025). This suggests a robust foundation for Horizen’s migration, though users should monitor wallet activity closely as the deadline nears.

Community Sentiment

On X, reactions are mixed. Some users, like @crypto_papu, express excitement (“Great”), while others, like @xgarreau, seek clarity on assets like $WBTC and NFTs (X Posts, June 2025). Influencers have praised the migration’s potential but caution about missed deadlines, reflecting a cautious optimism in the community.

Additional Insights

This migration mirrors industry trends, with Layer-2 solutions gaining traction—Internet Computer (ICP) hit 2.34 billion transactions last week (CryptoNews.net, March 2025). For Horizen, success could elevate its rank among top blockchains. Users gain access to a future-proof platform, but the manual steps introduce risks of asset loss if deadlines are missed.

Risk Disclaimer: Ensure timely action to migrate assets; delays may result in losses. Verify all instructions via official Horizen channels.

Stay tuned to Crypto Calendar for updates! #Horizen #CryptoMigration #Base #DeFi