The Moonbeam team has made a strategic decision to fully migrate the GLMR token from the Polkadot parachain to the L2 network Base. The project is not just changing its infrastructure platform but is also relaunching with a new focus — on artificial intelligence and autonomous agents.
The bridge is already open for users. GLMR conversion occurs at a 1:1 ratio, and on the Base side, the token becomes a native ERC20 asset. This means that after migration, GLMR will be fully compatible with the entire Ethereum ecosystem and L2 solutions, significantly expanding its liquidity and integration possibilities.
An important nuance for holders using DeFi protocols on the original Moonbeam network: all funds must be withdrawn from smart contracts before bridging. For those storing GLMR on centralized exchanges, the migration process will happen automatically — the exchanges will handle the conversion themselves.
This step demonstrates a growing trend: even major Polkadot parachains are reconsidering their ties to the ecosystem in favor of more liquid and developed L2 networks. The choice of Base is no coincidence — the Coinbase network is actively increasing its TVL and attracting developers, especially in the AI agent segment.
My expertise: The Moonbeam migration is not just a technical upgrade but a clear signal to the market. Polkadot is losing one of its key players, while Base gains ready-made infrastructure with an audience. For GLMR holders, this is a positive step — access to deeper liquidity and faster transactions. However, it is worth carefully monitoring the bridge closure deadlines to avoid losing assets in old contracts.