The latest developments regarding the $LSK token include a major migration of the LSK token to the Ethereum network, where it has become an ERC-20 token. This transition was completed in May 2024, and is designed to enhance inter-network interoperability, liquidity, and the utility of the LSK token within the broader Ethereum ecosystem. This transition is expected to improve integration with decentralized finance (DeFi) protocols and wallets.

In addition, Lisk launched its Layer 2 (L2) Testnet, which includes several integrations and developer tools to facilitate the development and testing of applications on the blockchain. This testnet supports compatibility with the Ethereum Virtual Machine (EVM), allowing the deployment of smart contracts and token standards for Ethereum.

The move to LSK 2.0 introduces a fixed supply model, aiming to align with modern token economics and ensure sustainable growth. This update also includes improved token standards and staking reward mechanisms.

For more details, you can view the full announcements on [Lisk's official website](https://lisk.com) and other cryptocurrency news platforms.