Binance Drops Moonriver and Moonbeam Mainnets, Migrating Assets to Coinbase’s Base Network

Woofun AI reports that Binance is executing a strategic infrastructure pivot by terminating support for Moonriver and Moonbeam mainnets, redirecting all associated token activity to the Base network.

Operational changes take effect at 11:00 a.m. UTC on July 21, when deposits and withdrawals for MOVR and GLMR via legacy chains are suspended. Users must finalize pending transactions before this cutoff to prevent permanent asset loss, as post-migration support for these specific mainnet channels will cease entirely.

Structurally, this shift moves tokens from Polkadot and Kusama-based smart contract platforms to an Ethereum layer-2 scaling solution. The migration aligns Binance’s infrastructure with Base, a network developed by Coinbase that offers lower fees and faster transaction finality compared to the legacy parachain ecosystems.

Per Woofun AI, the transition requires users to utilize Base network addresses for future exchange interactions. Holders of assets on Moonriver or Moonbeam must employ cross-chain bridges to migrate funds to Base, a process that impacts native chain liquidity while leveraging Coinbase’s developer tooling and user base.

This consolidation underscores a broader industry trend where centralized exchanges prioritize high-activity layer-2 networks over legacy mainnets. With the July 21 deadline approaching, the move signals reduced direct liquidity for Moonbeam and Moonriver communities while increasing accessibility within the Base ecosystem.