GnosisDAO has approved GIP-153, a plan to convert Gnosis Chain into a zero-knowledge-proven Ethereum Economic Zone rollup, abandoning its standalone Layer 1 blockchain. This transition will unlock approximately 350,000 staked GNO, representing roughly 27% of the circulating supply. The GNO token surged 10% to around $136, its highest level since May. The migration is targeted for December 2026 or January 2027. Gnosis will need to redefine GNO’s economics after the staking subsidy ends, potentially linking it to rollup revenue through mechanisms like fee sharing or token buybacks.
Source: Read the original article
