Harmony is reported to be planning a complete sunset of its Layer 1 network, with a proposed migration of its ONE token to Ethereum tied to an AI video initiative, according to unconfirmed reports that have not been verified by any official Harmony announcement.

Harmony plans to fully sunset its Layer 1

The core claim — that Harmony intends to fully sunset its Layer 1 network — originates from a single reported headline and has not been confirmed by any fetched Harmony governance post or official announcement. It should be read as a stated intention rather than a completed shutdown of validators, RPC endpoints, or on-chain settlement.

Full Layer 1 sunsets are uncommon in the sector; more typically, struggling chains pivot to Ethereum compatibility or rebrand rather than halt settlement entirely. If carried out, a full sunset would place the operational burden on token holders to act within any migration window, since assets left on a deactivated chain could become inaccessible.

The most recent substantive official communication that could be retrieved was Harmony’s April 2026 Ethereum compatibility and hedging update, published May 5, 2026. That post described hard-fork preparation and a hedging strategy deployed to production; it does not verify a September sunset or any token migration.

What the planned sunset covers

The reported scope is a full Layer 1 sunset. Beyond that phrase, the operational specifics — whether validators stop producing blocks, when RPC service terminates, and how existing smart contracts are treated — are not established by any evidence in hand. Harmony had earlier pursued Ethereum compatibility work rather than a wind-down, per its own April update.

What remains unconfirmed about the shutdown

No shutdown date, governance proposal identifier, vote count, or implementation schedule has been verified. The absence of these details in the available material is a limitation of what could be fetched, not evidence that Harmony has or has not published them.

The proposed Ethereum token migration and AI video initiative

Token migration to Ethereum remains a proposal

Ethereum is named as the proposed destination for a token migration, according to unconfirmed reports. No proposal document, approval record, conversion ratio, migration contract, or claim window has been verified, and there is no confirmation that the migration has been approved or executed.

Harmony’s ONE traded at $0.00072512 in the September 7, 2026 research snapshot, down 3.6% over 24 hours, per CoinGecko. That price is a research-time reading and is not an announcement-time figure or a verified reaction to the report.

ONE carried a market capitalization of roughly $10.78 million on 24-hour volume of about $1.39 million in the same snapshot, according to CoinGecko historical data. These figures size the asset but do not establish any migration entitlement or confirm the proposal.

How the proposal connects to AI video

The reported migration is said to support an AI video initiative, according to unconfirmed reports. The initiative’s name, team, product scope, funding, and the token’s intended utility are not specified in any verified source, and no launched product is established. Redirecting a Layer 1 token toward an AI application would represent a significant strategic shift for the project, and such pivots typically require clearly defined token utility to be assessed — which is not yet available here.

What token holders still need clarified

Open questions include whether the proposal has been approved, the timing of any sunset, holder eligibility, and the conversion terms of a token swap. The treatment of staked ONE, LP positions, and bridge liabilities is also unaddressed in verified material. Until official terms appear, holders lack the conversion ratio, claim mechanics, and deadlines needed to evaluate any swap.

Harmony’s tracked DeFi footprint is small: its remaining chain TVL stood at about $151,407 in the research snapshot, per DefiLlama. Whether a token migration conveys any rights to those on-chain positions is unresolved. Readers weighing counterparty and smart-contract risk should note that Harmony previously navigated a network rollback tied to a token forgery exploit.

These gaps reflect what the available evidence does not cover; they are not a claim that Harmony has failed to publish the details. The most direct next step for readers is monitoring Harmony’s official blog and governance channels for a verified proposal. Broad market sentiment, meanwhile, sat at 71 on the crypto Fear & Greed Index (Greed) on September 7, 2026 — a market-wide reading unconnected to Harmony specifically.