Secret Network proposes SCRT migration to Arbitrum

The Secret Network, a privacy-focused blockchain, has proposed a major ecosystem shift, planning to migrate its native SCRT token from the Cosmos ecosystem to the Ethereum layer-2 network Arbitrum. The proposal, announced on Tuesday, July 7, 2026, is pending a community governance vote and cites heightened security risks from artificial intelligence and dwindling liquidity on Cosmos as primary motivations.

If approved, the plan involves taking a one-time snapshot of eligible SCRT balances on September 1, 2026. This snapshot will be used to issue a new ERC-20 version of the SCRT token on Arbitrum. The snapshot will include native SCRT held in self-custodied wallets and staked SCRT balances, with users not required to unstake their tokens beforehand. However, liquidity pool tokens, bridged assets, and other contract-held balances will not be included, requiring holders to convert them back to native or staked SCRT prior to the deadline to qualify for the migration.

The team behind Secret Network stated that security is their most serious concern, arguing that aging blockchain infrastructure and legacy integration code are becoming increasingly vulnerable. They specifically pointed...