Horizen Announces November 4 Bridge Cutoff for Ecosystem Transition
Horizen sets a November 4 deadline for bridge operations as it winds down Layer 3 and moves assets to Base.
Horizen sets a November 4 deadline for bridge operations as it winds down Layer 3 and moves assets to Base. Ethereum (ETH) is trading at $2,247.18, down 0.4% since this brief published. This is an original TLT brief based on reporting by NewsBTC, with live market data added, as of Mon, 02 Nov 2026 19:30:04 UTC.
The bridge cutoff marks a significant step in Horizen's ecosystem transition, impacting ZEN, ETH, and USDC holders who must migrate assets to Base. This transition reflects broader trends of layer-1 blockchains seeking to improve scalability and user experience through layer-2 solutions.
- Horizen bridge operations end November 4.
- Transition involves ZEN, ETH, and USDC assets.
- Assets will migrate to the Base network.
- Base's DeFi TVL is currently $5.97B.
Horizen has announced a November 4 deadline for its bridge operations as part of a broader recovery plan. This move signifies the platform's shift towards the Base network, with the intention of improving scalability and user experience.
The transition will affect holders of ZEN, ETH, and 
USDC, who will need to migrate their assets to the Base network. This is a critical step in Horizen's ecosystem evolution, as it seeks to leverage the benefits of a layer-2 solution.
Base, which is built on 
Ethereum, currently boasts a DeFi TVL of $5.97B, according to DeFiLlama. This figure underscores the potential liquidity and opportunities available to users who transition to the network.
The broader crypto market remains in a downturn, with 
Bitcoin down 1.07% in the last 24 hours and the overall market cap at $2.65T. The Fear & Greed Index stands at 37, indicating a 'Fear' sentiment among investors.
The USDC circulating supply remains robust at $71.2B, according to DeFiLlama, suggesting that stablecoin holders may be looking for new opportunities amidst market volatility.
Since this brief published about 2 hours ago, Ethereum (ETH) has moved from $2,256.21 to $2,247.18 — -0.40%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will the price of Ethereum be above $2,400 on November 3?
Crowd-implied probability on Polymarket, $191.44K 24h volume, resolves Nov 3 — snapshotted when this brief published (Nov 2 18:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 ETH ≈ ₦3.10M (about $2,247.18), down 0.5% over 24 hours. The naira itself trades about 2.3% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 2, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Horizen Announces November 4 Bridge Cutoff for Ecosystem Tra — questions & answers
What is the deadline for the Horizen bridge cutoff?
The Horizen bridge cutoff is set for November 4.
Which network will Horizen transition to?
Horizen will transition to the Base network.
What assets are affected by the transition?
ZEN, ETH, and USDC assets are affected by the transition.
How much is 1 Ethereum worth in naira today?
About ₦3.10M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,247.18. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.40% since this brief first published — trading at $2,247.18 now versus $2,256.21 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from NewsBTC. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.