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ICON Blockchain Shutdown Looms on December 31, 2026, as ICX Converts to SODA

Guavy AI Editorial Team
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The ICON blockchain is set to permanently shut down on December 31, 2026, becoming a read-only archive without new blocks. The ICX token will convert to SODA at a 1:1 ratio, with SODA issued as an ERC-20 token on the Sonic blockchain.

The shutdown has been in the works since March 26, 2026, when ICX issuance and staking rewards were discontinued. The two-way swap between ICX and SODA closes on September 30, 2026, after which conversion only runs one direction from ICX to SODA.

Kraken has already completed the ICX-to-SODA migration for its users automatically between August 10-14, 2026. SODA began trading worldwide on Kraken against USD and EUR after the migration.

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