“Most of the stablecoin money builders can reach is in dollars, while plenty of their users live their lives in euros. EURC gives every team on SODAX a regulated euro option through the integration they already have. This week we take that to Lisbon, because Meridian puts us in the room with the Stellar builders most likely to use it.”

SODAX Expands Assets with EURC Whitelisting, Alongside 51 Other Assets

Last Wednesday, SODAX whitelisted EURC on Ethereum, Base and Stellar. EURC is the euro stablecoin issued by Circle, and it is now tradable against every asset already whitelisted on SODAX across all 21 blockchain networks SODAX supports, with execution coordinated across those networks.

Most of the stablecoin liquidity a DeFi team can reach today is denominated in dollars. A wallet or app whose users earn, save and spend in euros has usually had to wire up a euro stablecoin one network at a time, or ask those users to convert into dollars first. Teams already building on SODAX now get EURC through the integration they already have, and their users can trade into or out of EURC from any of the 21 networks.

Heading to Lisbon for Meridian

This week the SODAX team is in Lisbon for Stellar Meridian, at Convento do Beato. Stellar is one of the three networks where EURC just went live on SODAX, so Meridian is a good place to talk it through with the builders who will use it.

Get your API Key

If you’re building on Stellar, or anywhere across blockchain networks, and want to talk about what EURC on SODAX could mean for your product, DM David @real_digidavid on X, book a braindate, or find him on the floor.

If SODAX is new to you: it’s the cross-network execution and liquidity system that grew out of the ICON Network, now spanning 21 blockchain networks. Wallets, DEXs and lending protocols build on the SDK to reach every network SODAX touches, and you can find every whitelisted asset, EURC included, in the asset directory.

• The SODAX swap widget builder is live: a hosted swap app that brings swaps across 20+ blockchain networks into any website with a single iframe.

• It joins the SODAX SDK and Swaps API as the lightest way to plug into SODAX execution and liquidity, built for apps that need a swap without becoming a DeFi app.

• Teams choose which networks and assets the widget offers, style it to match their product, and copy the embed code from a visual builder at widget.sodax.com.

Plenty of apps need a swap without being a committed DeFi app. Say a game that runs on its own token, an NFT project that prices mints in one asset, or a community wants new members holding the ecosystem token from day one. In each case a user has to get from what they hold to what the app needs, and the team behind it doesn’t always want to send their community off-site to get what they need.

The SODAX swap widget is for them. It’s a complete swap app, hosted by SODAX, that drops into your page with one iframe. It quotes the trade, connects the user’s wallet, handles approvals and signing, and tracks the swap until it settles across blockchain networks.

That cross-network reach comes from the SODAX system underneath. One embed gives your users access to 20+ networks, with liquidity already attached.

Three ways to plug into SODAX

SODAX is a non-custodial execution and liquidity system. It coordinates swaps and other financial actions across 20+ networks, EVM and non-EVM, so a builder integrates once and reaches all of them. There are now three ways in. The right one depends on how much of the experience you want to own.

The original TypeScript SDK is for apps that want SODAX inside their own interface, with wallet providers and React tooling ready to use. You design every screen and control every step, and the SDK’s modules go beyond swaps into lending, borrowing and staking. The heavyweight integration where deep financial features are your product.

The REST API works with anything that speaks HTTP: Python services, Go bots, Rust backends, exchanges and custodial flows. You generate your API key to request a quote, build an unsigned transaction, sign it on your own infrastructure, submit it and check back for the result. Perfect when you want a light touchpoint to deliver specific quotes.

The Swap Widget needs no package, no backend and no code beyond the embed. Users sign with their own wallet inside the widget, and SODAX maintains the app, so your team ships a swap and gets back to its roadmap.

Pick the widget when a swap supports your product rather than defines it. If you outgrow it later, the SDK and API run on the same system, with the same networks and assets.

Make it yours

You configure every widget from the SODAX system before it reaches your page.

• Networks and assets: choose which networks and assets appear on each side of the swap, from anything SODAX has whitelisted.

• Fixed corridors: lock the source or destination to build a single-purpose flow, such as a deposit-only widget.

• Appearance: set a light, dark or auto theme, your own accent, button, surface and text colors, and the corner radius, font and density.

• Defaults: prefill the starting pair, amount and slippage, for a user will accept before they swap.

The widget builder shows a live preview as you change each setting. When it looks right, copy the generated HTML or React code, or a ready-made prompt for your coding agent, and paste it into your frontend.

The swap widget is live now. Configure yours at widget.sodax.com, and find the full setup guide at docs.sodax.com.

“Most infrastructure never leaves the group chat and calls it a day when they ship the tools. This week our whole team is in Bangkok instead, including: a support session with Thai builders on Tuesday, then our first SODAX conference, built specifically for developers on Friday. If you’re building across blockchain networks, we’d rather be in the room than just in your DMs.”

SODAX’s Fall Workshop Lands in Bangkok

Our core team is in Bangkok all week for SODAX’s fall workshop, pushing the execution and liquidity system forward in person, as a team and alongside our extended family of partner developers. Two special moments coming up are worth a share for developers.

Tuesday, we’re on the ground with Superteam Thailand, running a support session for local builders competing in Colosseum’s Crypto World’s Fair hackathon. This continues a series of these sessions with Superteams across the globe, including Turkey, Japan and Brazil.

Applications for the hackathon close October 12, with $840,000 in prizes and $2.5 million in seed funding through Colosseum’s accelerator on the table. SODAX already connects several of the hackathon’s supported networks, Solana, Ethereum, Hyperliquid, Base, Arbitrum and Robinhood Chain, through one integration, so Tuesday is about helping Thai teams turn that head start into something actually competition ready.

The First SODAX Conference

Developer Sessions Bangkok

On Friday, we’re then hosting SODAX’s inaugural Developer Sessions in Bangkok. Bringing the developers and partners already building on SODAX together for the very first SODAX focused conference. It runs both ways. We hear what’s getting in partners’ way, and we share what’s coming for the system heading into 2027.

Neither day needs anything from you directly. If you want to watch the week unfold, or you’re a builder curious what building across blockchain networks could mean for your own product, start at docs.sodax.com.

Build with SODAX

“Every hackathon runs on the same currency. Time. Colosseum’s Crypto World’s Fair has opened up their Solana format with tracks across blockchain networks, and we’ve spent years building infrastructure that lets one Solana build reach all of them without extra work. That’s the whole point of SODAX. The infrastructure enables DeFi to works across networks, in a way accessible enough for anyone to build real financial tools at scale, fast, for everyone who needs them.”

Your Cheat Code for Colosseum

Colosseum runs some of the largest hackathons in crypto, historically centered on Solana. Its newest event, Crypto World’s Fair, just opened new ecosystem tracks alongside Solana, including Ethereum, Hyperliquid, Base, Arbitrum and Robinhood Chain. SODAX already connects those networks through one integration, so a team building from Solana can reach Ethereum, Arbitrum, Base, Hyperliquid and Robinhood Chain without separate work for each one.

With SODAX, Colosseum participants can:

• Extend their application across several networks in days.

• Submit a hackathon build to hit multiple prize tracks.

• Adopt native wallet connection within the infrastructure.

• Access a broad range of cryptoassets, stablecoins and RWA’s, whitelisted by the system.

• Tap into deep unified liquidity, sourced by SODAX’s intent-based system.

• Utilize established swap, borrow, lend and yield transaction flows.

_{Note: SODAX is mainnet-only today, so your hackathon build will need to be too.}

Start Your Build

We’re working directly with Superteams worldwide to support the developers building for this event. Our latest blog is worth a read if you’re building or know someone who is. Applications close October 12.

You can also reach out to our team directly for help at sodax.com, or head straight to the documentation at docs.sodax.com.

“Much of what gets built today isn’t written by a career blockchain developer anymore, it’s assembled by someone with an idea and an AI copilot. The SODAX SDK’s first stable release is built for both of them. The team shipping a production app, and the person vibecoding a weekend build. Same infrastructure and access to over 20 blockchain networks.”

SODAX on Product Hunt

This week we are marking the first stable release of the SODAX SDK with our first launch on Product Hunt. The SODAX SDK is a TypeScript toolkit covering swaps, lending, borrowing, bridging, staking, and yield in one integration. It’s the same SDK already running inside live partner integrations, now stable enough for all developers to build on with confidence.

Our Product Hunt launch opens tomorrow, September 8, at 12:01 AM Pacific. Whether you’re integrating cross-network execution (moving value across blockchain networks) into a real product, or vibecoding your own weekend build with an AI assistant, this SDK is for you. Try it, see what breaks, tell us what’s missing.

Follow our launch on Product Hunt

We look forward to your launch day feedback.

“Balanced has been building alongside us since the early days of SODAX, and they’ve never wavered from one belief: DeFi’s problem was never features, it was design. Their new widget catalogue is that belief shipped in full, and it launches with our Leveraged Staking Vaults as one of the first widgets live inside it.”

Balanced’s Widget Catalogue Is Live

Balanced just shipped its long-awaited Home page and widget catalogue: a dashboard where you add, resize, and arrange only the DeFi tools you actually use, instead of running five apps to get one thing done. It’s live now at app.balanced.network.

The catalogue’s first release includes charts and the Vault widget, running leveraged staking strategies for JitoSOL, weETH, and wstETH. These strategies let you take a liquid staked token (LST), the vault loops it (borrowing, exchanging, and redepositing automatically) to compound your staking yield beyond what holding the asset alone would earn. With Balanced’s implementation of SODAX execution you can now fund these strategies directly from any asset across the 13 networks supported.

Try Balanced’s Widgets

This is also a first for us. It’s the first time our leveraged staking vault primitive has gone live inside a partner product, and we couldn’t pick a more user friendly venue. Try Balanced today, and reshape the app to fit what you need.

“Kraken doesn’t bring SODA new users by moving fast. It brings them by meeting the same trust and compliance bar those users already expect. Our team has spent the past month ensuring all the necessary steps are taken, including publishing our MiCA whitepaper, so that SODA can be supported by Kraken worldwide at launch. Now we’re looking forward to sharing more exchanges to trade SODA in the coming months.”

SODA Now Trading Worldwide on Kraken

Kraken, one of the longest-running exchanges in crypto and trusted by more than 13 million users, has completed its conversion of ICX balances to SODA and opened SODA for trading worldwide.

For anyone who migrated through Kraken, there’s nothing left to do. Your balance already reflects SODA. For anyone still deciding where to buy or trade, Kraken is now one option among a growing list, alongside Coinone, Bound Exchange, and many more.

If you’re newer to SODAX and wondering what SODA actually is: it’s the governance token sitting on top of the SODAX execution system, the infrastructure that lets money move, lend, trade, and settle across blockchain networks. Total supply is fixed at 1.5 billion tokens, with no ongoing emissions. Every fee the system earns from routed transactions splits three ways: 20% funds a programmatic buy-back and burn that permanently removes SODA from circulating supply, 20% goes to SODA staking rewards, and the remaining 60% goes to the SODAX DAO and its liquidity inventory. As more networks, partners, and volume move through the system, more fees continue to spin this flywheel of value capture.

Buy SODA on Kraken

Kraken is a big step, but the plan was never to stop at one exchange. More listings are already in conversation. For now, you can trade SODA on Kraken today or find more information for SODA holders on our website and its tokenomics page.

"SODAX has joined the Circle alliance, the partner network built around USDC and Circle's stablecoin and settlement infrastructure. That put SODAX where it needs to be, inside the conversations that decide how regulated stablecoin flows move next, not reacting to those decisions after they're made."

Circle is the company behind USDC, and the Circle alliance is its partner network for the stablecoin and settlement infrastructure built around it. SODAX has joined the Alliance to find its own spot inside the room where regulated stablecoin standards get shaped, rather than adapting to them after the fact.

Here’s why that’s practical, not just symbolic. USDC is already live on most of the 20+ blockchain networks SODAX operates across, including Ethereum, Solana, Arbitrum, Base, Avalanche, and BNB Chain. Anywhere money moves across networks in the SODAX execution system, USDC is usually one of the assets moving. We also already integrate against CCTP, Circle’s Cross-Chain Transfer Protocol, so this alliance builds on a working relationship instead of starting one cold.

Day one focus is concrete: deeper integration of USDC and Circle’s settlement primitives across blockchain networks through SODAX execution, plus joint product surfaces with partner applications where they make sense. This is also the second alliance we’ve joined recently, alongside our membership with The Hashgraph Association. Different rooms, same reason for being in both: the rules for how regulated money moves across networks are being written now, and we want a seat while that’s happening.

Explore SODAX

If SODAX is new to you: it’s the cross-network execution and liquidity system that grew out of the ICON Network, now spanning 20+ blockchain networks including native Bitcoin and tokenized equities. Wallets, DEXs, and lending protocols build on the SDK to reach every network SODAX touches, and this alliance is one more way that reach keeps widening.

“Time keeps ticking and we are getting ever-closer to the final phase of transitioning from the ICON Network, into the SODAX execution system. This is the culmination of a lot of hard work and sleepless nights across our team and we look forward to welcoming you all along with your own piece of the infrastructure, in SODA. Whether your ICX sits on an exchange or in your own wallet, we’ve made sure to give you a clear way through to participate in the exciting next step for the project.”

If you have held ICX since the ICON Network days, here is the update. Kraken has confirmed its schedule for migrating ICX to SODA, its ERC-20 successor on the Sonic network.

On August 7 at 2pm UTC, Kraken pauses ICX trading and funding, deposits and withdrawals included. This pause will give the exchange a clean, final snapshot of balances before it converts them. So if you want to make the deadline and migrate with Kraken, be sure to deposit your ICX before August 7.

The migration runs August 10 through 14, converting ICX to SODA at a 1:1 rate. Once it is done, SODA trading opens on Kraken and ICX is delisted for good.

If your ICX is on Kraken, you do not need to do anything. The conversion happens automatically, and your account will show the new SODA balance once trading resumes. Kraken has its own account-specific guidance if you want the exchange-side detail: support.kraken.com/articles/icon-migration.

More in our blog

Self-custody?

If you hold ICX in your own wallet, Kraken’s dates don’t apply to you (unless you want to deposit there ahead of the August 7 funding pause). You can migrate through SODA Exchange today, well ahead of the ICON Network’s shutdown at the end of 2026.

To migrate ICX you hold in personal balances, you can connect your wallet to SODA Exchange at the link below. A couple of things worth knowing before you do:

• You’ll need a small balance of S on the Sonic network to cover gas for the transaction.

• Two-way migration between ICX and SODA is available now, but that closes on September 30, 2026. After that date, migration only runs one way: ICX to SODA.

• The ICON network itself is scheduled to shut down at the end of 2026, which puts the final deadline for migrating at December 31, 2026.

Migrate to SODA

“Every time a new network launches and wants access to ETH, SOL or BTC, the industry’s default answer has been to wrap it. Create a synthetic representation, seed a new liquidity pool, and hope the market forms around it. That model has a well-known problem. Liquidity fragments every time you add a network. We built sodaVariants because we think there is a better approach to extending assets into new networks. One that connects to existing liquidity instead of competing with it.”

SODAX Brings Liquid Cross-Network Assets to Redbelly

Redbelly Network is purpose-built for institutional and enterprise use cases. It is a public blockchain network with deterministic finality, designed for the kind of financial infrastructure that enterprises actually need to run on. What it has not had, until now, is native access to the broader crypto asset ecosystem.

That has now changed as builders on Redbelly can access assets from across blockchain networks, including Solana, Stellar, Sui, and many more, with real trading liquidity already attached. The mechanism behind this is sodaVariants.

How sodaVariants are different from what you have seen before

Traditional wrapped tokens work by locking an asset on one network and minting a representation on another. Each new network deployment requires its own liquidity pool, its own market makers, its own depth. You do not inherit the liquidity of the underlying asset. You start from zero.

sodaVariants work differently. A sodaVariant of SOL on Redbelly (rSOL) does not need its own pool. When someone trades against it, SODAX routes through Solana’s native liquidity via the Solver. The variant is a claim on the real asset’s liquidity, not a synthetic sitting in front of a new pool. The depth is inherited, not recreated.

Learn more about sodaVariants

For networks like Redbelly, this matters more than it might appear on the surface. The chicken-and-egg problem that stalls most new assets on a network (you need liquidity to attract users, but users to attract liquidity) is bypassed entirely. SODAX brings 19 networks of connected liquidity on day one.

That is the real unlock here, Allowing a new network to arrive in these markets with the full asset breadth and depth of everything SODAX already connects.

Through Redbelly, that means 19 networks of cryptoassets just became enterprise-ready.

Explore SODAX

“SODAX is infrastructure for modern money. A system where any asset, on any network, is reachable by anyone. We talk about that in terms of DeFi primitives: execution, lending, settlement, but modern money includes stocks. It includes the assets that billions of people already hold in brokerage accounts and retirement funds, or can’t access at all through traditional systems. If we are building infrastructure for modern money, tokenized equities are a given. We shipped eight today and there is more to come in this space.”

The SODAX SDK now Supports Tokenized Stocks for Partner Applications.

If you have been following SODAX, you know the vision is bigger than only DeFi-native tokens. It was about what financial infrastructure looks like when networks stop being silos and you can move, lend, and access any kind of value through intents, without routing through centralized intermediaries.

This week, that vision expands as RWAs join the SODAX SDK.

Tokenized Stocks in the SODAX SDK

Eight Stock RWAs are now live in the SODAX SDK: CRCLx, TSLAx, SPYx, NVDAx, QQQx, MSTRx, COINx, and GOOGLx. Each is one of xStocks tokenized representations of publicly traded equities, held natively on Solana. All of which are now tradable, across blockchain networks, from any of SODAX’s 19 integrated networks across Bitcoin, EVM (Ethereum, Arbitrum, Base etc.), Solana, Sui, Stellar, and many more.

The execution works like this: a user on any network states what they want, “I want to swap SUI for TSLAx”, and SODAX’s Solver handles the rest. The Solver sources liquidity, coordinates the cross-network execution, and settles the xStock to the users Solana address.

Bound Exchange is the first live integration, with all eight assets available to their users from today.

xStocks live on Bound

Tokenized stocks are one category in the much larger RWA space of commodities, bonds, real estate, tokenized gold and more. The infrastructure SODAX is building is not designed for one asset class, but to handle execution across all available assets. Today’s release is the beginning of what that looks like inside the SDK.

Build with SODAX

“I am more excited about SODAX right now than at any point since we started. The mission is exactly what we set it as: a cross-network execution surface that modern money actually moves on. Partners integrating, new networks lighting up, the SDK shipping updated versions constantly.”

— Min Kim, CEO

Body

The final shutdown schedule for the ICON Network is now published and migration from ICX to SODA will conclude on December 31, 2026.

Three dates matter:

• May 2026: Validator governance voting has concluded and fixed the date to formally retire the ICON Network as December 31, 2026.

• September 30, 2026: Two-way migration ends. From this point, only ICX → SODA migrations are supported through the SODA Exchange.

• December 31, 2026: Final migration deadline. The ICON Network is permanently halted. A read-only archive remains for transaction lookups.

What we want holders, validators and integrators to understand is that this is not a wind-down of the mission. It is the completion of a transition we have been on since rebranding last year. The SODAX execution system is live, coordinating actions across blockchain networks (today across 18 networks, with named integrations live including Bound, Balanced, Hana Wallet, Houdini Swap, Amped Finance, Veru Fi and Spoon Finance building on top, and over $10M of volume in the last 30 days).

Maintaining a Layer 1 that the work has already moved past would fragment focus and capital. Closing it concentrates both on what is actually being used.

For every validator, builder, holder and partner who participated on ICON across the years: thank you. The work you stewarded is the foundation of what SODAX is shipping now.

For anyone still holding ICX, the migration window is open until December 31, 2026.

• Ensure you hold a few S tokens on Sonic (for gas) before migrating. These can be swapped to from SODA Exchange.

• Migration is made easy at SODA Exchange.

• Step-by-step guide available on our Help center.

Migrate to SODA

“Bitcoin has been the most-watched asset in crypto since the start, and one of the least useful inside DeFi. That asymmetry is the clearest indicator of how much work the infrastructure still has to do. We didn’t ship native Bitcoin into the SDK to add a feature. We shipped it because the largest asset in the room is the least served by DeFi, and the most widely held by the public.”

— Min, SODAX

Bring Native Bitcoin to Your App

For most of DeFi’s life, builders trying to put Bitcoin into their products have had to choose between two unhappy paths. Wrap the asset and accept a custodian. Or route every flow through a centralized exchange and add a ten-minute round trip to the user experience.

This week, that changes for every application built on SODAX.

Native BTC is now available in the SODAX SDK. Real Bitcoin on the Bitcoin network on one side. Real assets across blockchain networks on each of the 18 networks SODAX integrates with, on the other. No wrapper. No bridge. No CEX hop in between.

The integration surface has not changed. The same single SDK call that addresses an existing network in our system, now addresses native Bitcoin. The infrastructure that makes the BTC side feel native is delivered through a partnership with Bound, whose work on Bitcoin-side settlement infrastructure made it possible to treat Bitcoin transactions as final once submitted to settle through our Solver.

Build with SODAX

DeFi with native Bitcoin

Bitcoin is not a network you bolt onto a cross-network execution system over a long weekend. We respect every team that has spent serious engineering effort here, and we have spent ours. Through the SODAX SDK we wish to share the technical effort our team has put in to help push the Bitcoin DeFi space forward and unlock the vast inactive balances held by the largest real user base on the blockchain.

Bitcoin documentation

“The SODAX SDK is now live with several partners and winning trades on solver marketplaces like NEAR Intents. This proves that the system works and the algorithm is competitive. Now we need to compete on more routes.

Now we’re beginning the process of opening more of the leading ecosystem assets from our integrated networks, and ensuring access to more liquidity sources ahead of our upcoming path-splitting release”

Over 50 new assets routing for partners

This week, the SODAX-supported asset set grows by more than 50 new asset listings spanning 10 networks. All of them are addressable through the same single SODAX SDK integration, with the Solver coordinating execution across the integrated network set and partner applications inheriting every new listing automatically.

For builders: Update to SDK v2 to support these new assets today.

For users: More exposure through the partner apps you already use.

Integrate SODAX

Whats new?

Ethereum (15 new assets)

AAVE, LINK, UNI, PEPE, ENA, USDe, sUSDe, PYUSD, ZRO, PAXG, XAUt, USD1, DAI, cbBTC and rETH.

Solana (8 new assets)

BONK, JUP, JitoSOL, mSOL, RAY, PYTH, JTO and Wormhole WBTC.

Arbitrum (7 new assets)

ARB, AAVE, LINK, UNI, CRV, PENDLE and rETH.

Base (2 new assets)

VIRTUAL and cbETH.

BNB Chain (10 new assets)

CAKE, FDUSD, USD1, ASTER, XRP, ADA, DOGE, SOL (BEP20), DOT and LINK (BEP20).

Optimism (2 new assets)

OP and WBTC.

Polygon (4 new assets)

WBTC, AAVE, LINK and DAI.

Avalanche (1 new asset)

WETH.e.

HyperEVM (4 new assets)

UBTC, UETH, kHYPE and USDH.

Sui (1 new asset)

NAVX.

For builders

Teams already integrated with the SODAX SDK inherit every asset above into their existing surfaces by updating to v2 of the SDK. Partner applications can offer their users cross-network trading, supplying for yield, using as collateral, borrowing against and settling in, for the live use cases on each asset, with Solver-coordinated execution and native settlement on both sides of every action.

Explore partners

"DeFi spent the last five years asking how to move assets between networks. The next five will be about how money actually moves through them. By this we builders shipping faster, and increasingly by agents acting on their own.

SDK v2 is our integration step for that shift. We didn't rebuild it to add features. We rebuilt it so a developer or agent can read it once and ship something real to production."

SDK V2 is live for partners today.

For anyone following along, this has been a major engineering effort: a top-to-bottom refactor of the SODAX SDK around a single thesis, that the population of teams shipping cross-network DeFi products is set to expand, and the SDK that wins is the one those teams (and their tools) can use at scale.

Three things are different in V2.

• Stability: The codebase has been rebuilt to be cleaner, with comprehensive bug fixes and performance optimizations so partners spend less time fighting the tech and more time building.

• Less code to integrate: The integration path for a wallet, DEX, money market, or yield product is substantially shorter than. V2 was rewritten with the rule: a developer should be able to read the entry points and understand what’s available without trawling the docs.

• Built for agents (and humans): This is the piece we think will matter most over the coming months. V2 is structured so that agents like Claude, Cursor, and the rest can consume the SDK quickly, and produce working integrations into front-ends or agent-driven workflows.

The number of developers who can hand-write a cross-network integration is a small pool. The number of teams who can ask Claude Code or Cursor to wire one up is much larger. And we’re positioned for the number of agents that will themselves be users of the protocol (running cross-network exchanges, managing money market positions), to grow fast.

DeFi’s next wave of users won’t be just people. V2 is prepared to support that future.

What’s live today

• All execution paths refactored and tested: cross-network exchange, money market supply and borrow, settlement

• Demo applications migrated to V2 and validated end-to-end

• Type-explicit, LLM-readable structure across the public API surface

• Documentation aligned to the new SDK shape

Read our update

Build with V2

If you’re a builder, the integration starts at sodax.com.

If you’re an agent operator, head to our dedicated MCP server.

Build with SODAX

“The agentic side of payments is going public. The tooling for developers is what’s missing.

With SODAX preparing to ship version 2 of the SDK, and ensuring that the infrastructure is ready for agentic development through the dedicated MCP, and payments, as seen with partners like Amped Finance. Attending events like Consensus continue to be a powerful means of reaching out to future partner applications, who’s operations can benefit from our execution system.”

We’ve landed in Miami

This week the SODAX team is on the ground for Consensus Miami, from May 5–7.

If there was a year where the agentic commerce track became the centre of gravity at a crypto conference, this is it. Visa shipped a CLI for AI agents this month. Circle’s running Nanopayments on testnet for sub-cent USDC payments. The agentic payment rails are being built.

We’ve been building the developer side for months. The SODAX MCP server is live to give an agent-consumable route into building cross-network applications, and routing trade through the SODAX SDK. Meanwhile, our partners at Amped Finance already have agents running transaction through the SDK in production. If you want to read more about the evolution of SODAX infrastructure to power agentic workflows, check out our latest publication on The Defiant.

Read more on the Defiant

What’s happening in Miami:

• Kicking off the events today, at House of AI by Lagrange and 0G

• Booth across all three days

• Speaking on Tuesday at the Miami Heat event by FP Block

• Sit-down interviews with the team

• Plenty of meetings with new and old partners!

If you’re building cross-network and want to talk shop, DMs are open. Or just walk up to the booth.

Join us at Miami Heat

See you there.

Hello SODAX (formerly ICON) holders,

“In case you haven’t been keeping up with recent news, we have prepared this newsletter to catch you up on the current steps for the migration of ICON to SODAX on the Sonic network.

There is currently no deadline set for the migration to SODA, however, the migration of bnusd loans from Balanced v1 to the new SODAX infrastructure has a hard deadline of May 10, 2026.

So you should take action now if you hold a loan.

Read about the ICON migration on Coindesk: Here's why ICON rebranded to SODAX.”

Balanced bnusd loans: Migrate by May 10

If you opened a bnusd loan on Balanced, this applies to you.

What’s happening. Balanced v2 is live on SODAX infrastructure. The v1 loan book is being wound down. To keep your position active on the new infrastructure, you need to move it across manually.

Why move now. Between now and May 10, 2026, borrowing bnusd on v2 is free, with no origination fees. You use that free borrowing to pay down your v1 loan in rotations if you haven’t got the liquidity at the moment to pay the whole position down at once.

After May 10:

• Origination fees return to v2 borrows.

• Positions still sitting on v1 carry liquidation risk as the old ICON-era infrastructure continues to wind down.

bnusd migration guide

Migrate your self-custody ICX and earn yield staking SODA

If you hold your ICX in your own self-custody wallet, then you can already migrate today on SODA Exchange. SODAX Migrate exchanges your ICX for SODA at a strict 1:1 ratio in a single flow to the Sonic network.

Check out our guide: How do I migrate ICX to SODA on SODAX Migrate?

Once migrated, you can already earn yield on your SODA by staking it on SODAX Stake, or supplying liquidity on SODAX Pool.

Migrate ICX now

Kraken joins the SODA Migration

As of yesterday, Kraken has announced the addition of SODA to its listing roadmap, signaling support for the migration.

If you hold your ICX on a centralized exchange, be aware that each one is on its own timeline for supporting the ICX → SODA migration and will announce accordingly. If your exchange of choice supports the migration then rest assured that the process will be handled for you automatically.

What to do:

1. Log in to any exchange where you hold ICX. Check the announcements page for any notice about ICX delisting, SODA crediting, or migration windows.

2. Follow each exchange’s social channels. Exchange listing pages and Twitter accounts are usually where these windows are published.

3. If your exchange hasn’t announced yet, consider self-custody. Moving ICX to a wallet you control and migrating via SODAX Migrate puts you on the same 1:1 path without waiting for an exchange’s timeline.

We’ll amplify specific exchange announcements in the future.

Migration checklist for this week

[ ] Open Balanced v1 and check if you still have a bnUSD loan. If yes, bookmark docs.balanced.network/move-loan and start the rotation.

[ ] Check every self-custody wallet for leftover ICX. If found, plan a migration through SODAX Migrate, Making sure you have a small amount of S token (Sonic gas) in your destination address.

[ ] Check every centralized exchange where you hold ICX. Await an announcement if their support is not yet announced, or withdraw to a wallet for self-migration as each situation requires.

Important links:

→ Migrate to SODA · sodax.com/exchange/migrate

→ Stake SODA · sodax.com/exchange/stake

→ Pool SODA/xSODA · sodax.com/exchange/pool

→ Support · support.sodax.com

→ Read more · sodax.com/news

→ Additional links · https://linktr.ee/go.sodax

“As we continue to execute our strategy and shift beyond ICX’s traditional L1 thesis, a common misconception is that Balanced defines our entire future. In reality, Balanced is our initial test case for enshrinement utilising emissions to strengthen NOL-fueling our broader growth strategy.

The momentum behind our burn is promising. While the required volume to offset emissions seems high, it’s actually well within reach when compared to the daily volume of competitors. With the right strategies to grow usage and adoption, this goal is achievable.

We're also implementing structural changes internally, and now that my team and I are actively engaging on Discord, I encourage the community to join discussions and connect with us directly. Your insights and feedback are invaluable as we shape the future together.”

What’s Trending

👉 Trade with intents.

👉 Balanced is live on SUI.

👉 ICX burn handsomely surpasses 300,000.

👉 NOL holdings surpasses ATH.

Dev Update: Stellar Front-end Cleared for Launch

Progress was made in October in the areas of feature upgrades and connectivity to apps powered by ICX. The key milestones for October included features such as Cross-Liquidity Provisioning deployed to testnet, and the first set of intents contracts deployed to mainnet. The milestones for November are focused around continued testing of Intents and the ICON network solver, front-end deployment of Solana, Stellar and Cross-chain LP on Balanced.

Read the full story here

Ecosystem Highlights

• Learn about ICON GMP. 🔗

• Two important network proposal approved. 🔗

• Hashlock completes Solana audit. 🔗

• Hana migrates to Manifest V3. 🔗

• David and Anton lights up the Archway Network. 🔗

• Exercise good wallet practices with HANA. 🔗

• Exploring the Stellar ecosystem is now just that easier. 🔗

• Catch up on the latest news with GROW. 🔗

• Highlights from Stellar Meridian. 🔗

What they said…

@rookicx

@EyeonICON1

@if_elsi

@real_digidavid

Balanced Roundup

• New collateral types on Balanced.🔗

• Catch up on the q4 roadmap update. 🔗

• $bnusd arrives on Archway and Havah. 🔗

• NFT for Q4. 🔗

• Soft liquidations you say? 🔗

• Direct ledger support has been removed. 🔗

Community Sentiment 

• What does Crypto.com, Hana, ICX, AVAX, AAVE have in common? -@crypt0whisp

• ICON’s year summed up. - @JabaTheX

• Balanced will be unstoppable. - @KajRoos

• Balanced on the rise. - @AhemdXcall

• Multi-chain Defi UX on Balanced. - @andell_anton

• Cross-interoperability is the future. - @CAnatalio

If you liked what you read:

→ Follow us on Google News, X(Twitter), Reddit, YouTube and/or GitHub.

“In 2024, no one has integrated more blockchains than ICON, and with Stellar and Solana integrations on the horizon, ICON’s GMP stands as the most secure and scalable solution available.

A common misconception is that cross-chain functionality is limited to token transfers. However, Gangstaverse’s integration of ICON’s GMP into their Cross-chain Gaming Tournament demonstrates the vast potential of cross-chain infrastructure.

What excited me most about our September achievements is the successful addition of $ICX support on Ledger Live—a milestone that was 100% community-built and funded through CPS. This accomplishment underscores the strength of our community and our shared vision for the future of ICON.”

What’s Trending

👉 $ICX joins the Ledger Live family.

👉 ICX burn approaches 300,000.

👉 Boosted incentives for bnUSD.

👉 NOL holdings exceeds $3 million.

👉 Migrate to Hana as ICONEX discontinues service.

Dev Update: Balanced contracts land on Solana

Progress was made in September in the areas of integrations and core infrastructure. The key milestones for September included the successful integrations with Stellar and Solana, relay optimizations and the completion of Proof Of Concepts for intents-based trading.

Read the full story here

Ecosystem Highlights

• Learn about ICON GMP. 🔗

• Ledger features ICON. 🔗

• ICON community tracker is packed with new features. 🔗

• Hana extends SUI asset functionality to Mobile. 🔗

• Now you can expand your reach into the SUI ecosystem with HANA. 🔗

• The first multichain tournament concludes. 🔗

• bnusd lands on Avax exchange. 🔗

What they said…

@SuiInsights

@injective_Hub

@Avalanche_Space

@lifeofkaizen

@bennyoptions

Inside ICON

Balanced Roundup

• A step-by-step guide on how to use Balanced. 🔗

• Balanced votes to amend baln emissions. 🔗

• BIP 93 goes in for vote and gets enacted. 🔗

• BIP 92 gets approved.🔗

• The Balanced Move contracts have now been audited. 🔗

• Direct ledger support has been removed. 🔗

Community Sentiment 

• Chain integrations are racking up! - @KajRoos

• ICON’s year summed up. - @JabaTheX

• ICX burn on overdrive. - @WojakGangsta

• The place to keep track of all the integration. - @DustyrangerBE

• ICON gaining prominence. - @DokCrypto

• Balanced has come to the rescue. - @rare_theGem

If you liked what you read:

→ Follow us on Google News, X(Twitter), CoinMarketCap, Reddit, YouTube and/or GitHub.

“You can see the positive sentiment towards ICON returning. Many of these recent initiatives are a result of changes in our strategy, messaging, and how we collaborate with other projects. While some may mistake ICON for a competitor to other L1s, we are fundamentally chain-agnostic. We believe we offer the best, most scalable interoperable technology, and our successful collaborations with larger projects reflect this.

With key milestones reached over the last month, such as the ICX burn surpassing 200k and the launch of Balanced on Injective, I am convinced we are on the right path.”

What’s Trending

👉 Balanced launches on Injective.

👉 ICX burn surpasses 200,000.

👉 Balanced integrates with SUI.

👉 ICON network adds SUI  to Network Owned Liquidity.

👉 NOL holdings approach $3 million.

Dev Update: Alliterative Progress for Integrations with Sui, Stellar, Solana and Stacks

Significant progress was made in August in terms of integrations and core infrastructure. The key milestones for August included the completion of internal audits for Stellar, new Oracle deployment, relay optimizations and the deployment of Balanced contracts on SUI. The main focus for September will be on the deployment of Stellar contracts to mainnet.

Read the full story here

Ecosystem Highlights

• Learn about ICON GMP. 🔗

• Next steps for ICON & Balanced. 🔗

• Hana wallet’s latest releases.🔗

• Hana wallet goes social. 🔗

• HAVAH hosts first AMA on Balanced. 🔗

• Gangstaverse announces multi-chain tourney: ICON X BASE. 🔗

• Unified addresses across ICON SDK blockchains. 🔗

• Defillama tracks $bnUSD on their stablecoin dashboard. 🔗

• ICX expands its reach with new exchange listing. 🔗

• Off-Titans collaborate with ICON. 🔗

• The Gods are with us! 🔗

• ICX is now available in Australia.🔗

• Track the burn rate. 🔗

What they said…

@cosmos

@injective_Hub

@Avax

@real_digidavid

@bennyoptions

Inside ICON

Balanced Roundup

• A step-by-step guide on how to use Balanced. 🔗

• Running a liquidation bot? 🔗

• Vote to support USDC from Injective. 🔗

• Soft liquidations, anyone? 🔗

• Direct ledger support has been removed. 🔗

Community Sentiment 

• Injective Ninjas all over Balanced - @v0van41k

• Jaba continues to be bullish on ICON. - @JabaTheX

• ICONs validator ecosystem keeps growing - @rookicx

• Balanced is an absolute beast! - @marcfcee

• The ICON Network just keeps on buying! - @DokCrypto

If you liked what you read:

→ Follow us on Google News, X(Twitter), CoinMarketCap, Reddit, YouTube and/or GitHub.