Gaming ecosystem Treasure Chain shuts down mainnet nearly five months after its launch
TreasureDAO will shut down its ZKsync-based Treasure Chain on Might 30, almost 5 months after saying pressing cost-cutting measures and securing short-term emergency powers.
TreasureDAO is pulling the plug on Treasure Chain, its personal community constructed on ZKsync’s layer-2 scaling resolution, by Might 30 after TIP-52 handed, giving the core group emergency powers to deal with the shutdown with out stopping for extra votes.
Treasure Chain Wind-Down⛓️🌇
Following the profitable ratification of TIP-52, the Treasure Chain will shut down on Might 30, 2025. Holders should bridge out all ETH, MAGIC, SMOL, and NFT holdings by the tip of Might.
Further updates, timelines, and subsequent steps are outlined under👇
— Treasure (@Treasure_DAO) Might 6, 2025
In an X thread on Might 6, the TreasureDAO group urged customers to bridge out all their belongings in addition to non-fungible tokens by the tip of Might. The wind-down is a part of a broader pivot to scale back prices and concentrate on product growth.
“Bridging to Treasure Chain has been discontinued,” the group mentioned, noting that “MAGIC-ETH has been migrated to L1 Ethereum and is now tradable on Uniswap,” whereas “SMOL-MAGIC liquidity migration to L1 is underway.” Regardless of shutting down the chain, the group reassured it’s in a robust place to proceed its operations as its USDC runway “prolonged by means of Fall 2026.”
“Treasure is in a robust place, with our USDC runway prolonged by means of Fall 2026 — excluding a recovering MAGIC treasury. The Treasure Chain wind-down will speed up our product growth and cut back operational prices, positioning us for the subsequent stage of development.”
TreasureDAO
Even with the mainnet shutting down, the group framed the choice not as giving up, however as “a optimistic transfer for the org.” The group additionally added that “retiring the chain is introduced as a necessity, not a selection.”
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Nonetheless, the shutdown comes with arduous monetary truths. In inner updates, co-founder John Patten identified the DAO’s burn fee had develop into unsustainable, with its runway doubtlessly drying up by late 2025. Holding Treasure Chain working value about $450,000 a yr — cash the treasury might not justify, particularly with ZKsync grants unlocking slowly over time.
To ease the transition, the proposal lets the group handle round 3.18 million MAGIC and 138 ETH in DAO-owned liquidity. As TreasureDAO put it, the shutdown is an “emergency measure reflecting the present extraordinary circumstances, not a everlasting change to DAO governance rules.”
Treasure was amongst early builders on Arbitrum earlier than launching its personal chain on ZKsync. At its peak, it even accounted for greater than 95% of all gaming and NFT transactions on Arbitrum and has generated over $260 million in market quantity since launch, in line with information from Nansen.
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