$LSK is up more than 300% over the last 24 hours, with trading volume exceeding $600 million.
The move is happening during one of the biggest structural changes in Lisk’s history.
Lisk has announced that the Lisk Chain will permanently shut down on October 31, 2026.
Users who still hold or stake LSK on the Lisk Chain need to unstake and bridge their tokens back to Ethereum before the shutdown. LSK itself will continue to exist as an ERC-20 token, with Ethereum and Base becoming its primary networks.
There is also a major supply proposal under discussion.
The Lisk DAO plans to wind down, and the proposal includes burning 100 million LSK from the DAO treasury. If executed, total token supply would fall from 400 million to 300 million LSK.
At the same time, the project itself is changing direction.
Instead of operating a public blockchain ecosystem, the new Lisk is being positioned as a financial operations platform for businesses, combining fiat accounts, stablecoin payments, approvals and treasury management.
LSK is expected to transition toward a loyalty and utility role inside that platform.
So today’s rally involves several different narratives at once:
A potential 25% reduction in total supply.
A fixed deadline for the old Lisk Chain shutdown.
A migration of LSK back toward Ethereum and Base.
And a complete shift in Lisk’s business model.
However, a 300%+ daily move is far larger than any normal fundamental repricing.
For $LSK , the key things to watch now are whether the 100M token burn is actually executed, how much LSK is migrated before October 31, liquidity after the chain shutdown and whether the new business platform generates real usage for the token.
The move is happening during one of the biggest structural changes in Lisk’s history.
Lisk has announced that the Lisk Chain will permanently shut down on October 31, 2026.
Users who still hold or stake LSK on the Lisk Chain need to unstake and bridge their tokens back to Ethereum before the shutdown. LSK itself will continue to exist as an ERC-20 token, with Ethereum and Base becoming its primary networks.
There is also a major supply proposal under discussion.
The Lisk DAO plans to wind down, and the proposal includes burning 100 million LSK from the DAO treasury. If executed, total token supply would fall from 400 million to 300 million LSK.
At the same time, the project itself is changing direction.
Instead of operating a public blockchain ecosystem, the new Lisk is being positioned as a financial operations platform for businesses, combining fiat accounts, stablecoin payments, approvals and treasury management.
LSK is expected to transition toward a loyalty and utility role inside that platform.
So today’s rally involves several different narratives at once:
A potential 25% reduction in total supply.
A fixed deadline for the old Lisk Chain shutdown.
A migration of LSK back toward Ethereum and Base.
And a complete shift in Lisk’s business model.
However, a 300%+ daily move is far larger than any normal fundamental repricing.
For $LSK , the key things to watch now are whether the 100M token burn is actually executed, how much LSK is migrated before October 31, liquidity after the chain shutdown and whether the new business platform generates real usage for the token.