Zilliqa abandons its own blockchain to become a permissioned Ethereum Layer 2 for regulated institutions. - Pluang

This strategic shift involves restricting transactions to verified participants through identity checks managed with the Liechtenstein Trust Integrity Network (LTIN). The transition addresses significant challenges including low adoption, funding difficulties, and security risks commonly faced by standalone Layer 1 blockchain projects.

Zilliqa (ZIL) is currently trading at Rp30 on Pluang, reflecting an 8.42% decline as of November 5, 2026. The cryptocurrency maintains a market capitalization of Rp640.82 million with a 24-hour trading volume of Rp59.31 million. Notably, 99% of Pluang users are currently buying ZIL, with holders maintaining their positions for an average of 134 days.

Regulatory Alignment

The project aims to position itself within emerging regulatory frameworks, particularly the EU's Markets in Crypto-Assets Regulation (MiCAR). While ZIL token holders remain unaffected by this transition for now, the move represents a significant pivot for the blockchain project toward institutional adoption within regulated environments.