Woofun AI reports that Secret Network has announced a migration to the Arbitrum ecosystem, converting the SCRT token into an ERC-20 asset. A snapshot is scheduled for September 1, 2026, covering native and staked SCRT, while assets in contracts, liquidity pools, or via IBC bridges must be converted prior to this date. Post-migration, SCRT will retain governance functions, with a proposal to reduce inflation from 9% to 5%. SCRT Labs will cease maintenance of the original network and open-source its code pending community vote. SCRT is trading at $0.03965, down 30.7% in 24 hours.