A crypto network just voted to abandon its standalone blockchain and unlock 27% of its token supply

Kwon Crash

Published Aug 20, 2026, 9:46 AM UTC

Source: CryptoSource
- GnosisDAO just voted to yeet its own standalone blockchain into the void and become an Ethereum rollup, because apparently running your own validator set is so 2023. Under GIP-153, Gnosis Chain will settle directly to Ethereum every block, retire its independent validators, and unlock roughly 350,000 staked GNO — about 27% of circulating supply — back into liquid markets. Naturally, GNO pumped 10% on the news, because nothing says "27% of tokens about to become liquid" quite like a moonboy buying the top. The kicker? GNO's staking utility gets replaced with an "unfinished revenue model" — fee sharing or buybacks, TBD, trust the process. Martin Koeppelmann frames it as choosing composability over becoming one of Ethereum's hundred islands, and Aave, Spark, CoW Swap and others have committed to building on it. But Gnosis Ltd. will run the sequencer, and GIP-153 openly admits the execution layer becomes less decentralized. So to recap: they're dumping staking utility, unlocking a massive token block, centralizing the sequencer, and the full rollout isn't targeted until late 2026. Aggressive passive income indeed. The market's betting the Ethereum integration outweighs the dilution risk — and if ETH gas burns my salary now, just wait until every Gnosis dapp settles to mainnet every block.