Secret Network Quadruples the SCRT Supply: What Holders Have to Check Now
Since the upgrade on August 21, 2026 there are 1.443 billion SCRT on the chain instead of 362 million. The much-quoted Arbitrum snapshot on September 1 is not happening, and at Binance trading ends on September 3.
Since August 21, 2026 at 15:23 UTC there are around four times as many SCRT as there were the day before. Supply on the chain has risen from about 362 million to 1,443,318,642 SCRT. Your balance in the wallet has not changed in the process, but your share of the total has: what used to be the entire supply is today around 25 percent of it.
What triggered this was a governance decision by the project's own community, not a hack and not a fork. At the same time, the migration to Arbitrum, written about since July in many exchange newsrooms as a settled matter, has been rejected. The much-quoted snapshot on September 1, 2026 is not taking place. And at Binance a delisting clock is running in parallel that stops trading on September 3. Anyone holding SCRT has to keep these three things apart, because each of them suggests a different action. If you are considering moving your balance to another trading platform, our comparison of the best crypto exchanges will help you choose.
What Happened to SCRT? Supply Rose From 362 Million to 1.443 Billion on August 21
On August 19, 2026 the vote on Proposal 365, titled “Community Continuance of Secret Network (L1)”, came to an end. Its status on the chain has read PROPOSAL_STATUS_PASSED ever since. The adopted text contains a software upgrade instruction named v1.26.0-community-continuance, due at block height 26,790,327. That block was written on August 21, 2026 at 15:23:36 UTC.
A proposal is a formal motion voted on by all holders with staked SCRT; according to the project documentation, each staked SCRT counts as one vote, the vote runs for seven days, and anyone voting themselves thereby overrides their validator's ballot.
The result of Proposal 365 is worth a close look, because it looks different from a clear mandate. On the chain, 38.78 million SCRT are in favour, 4.98 million entered a veto, and only around 15,142 SCRT voted against the motion. The largest block, at 53.47 million SCRT, was the abstentions: 55 percent of all votes cast. Strip out the abstentions, as the Cosmos counting method provides for, and the motion comes to 88.6 percent approval. Both are correct, and both belong in the same assessment.
What the Upgrade Actually Triggered
With the upgrade block, a one-off new issuance of tokens took effect. The text of the motion calls it a dilution mint. On today's measurement, around 1.081 billion SCRT were newly created by it. The factor on the old supply is 3.99.
How Many SCRT Are There Really? On-Chain Supply and Price Trackers Diverge Sharply
Here lies the trap that will lead you astray fastest when placing all this. The chain itself, via the endpoint /cosmos/bank/v1beta1/supply/by_denom, reports a total supply of 1,443,318,642,775,480 uSCRT on August 22, 2026 at around 00:37 UTC, meaning 1,443,318,642.78 SCRT. A common price service was still carrying 364,233,017 SCRT as total supply at the same moment.
That gap is no trifle, because market capitalisation is calculated from supply. At a price of $0.0198, the old supply yields around $7.2 million. With the supply actually on the chain, it is around $28.6 million. Anyone reading a valuation for SCRT somewhere in these days should therefore check which supply figure sits behind it.
The figures for the old supply differ slightly: the text of the motion works with 361,966,533 SCRT as the starting balance, the price service carries 364,233,017. The spread is explained by staking distributions between the two measurement points. Depending on which value you take, the old holdings today account for 25.1 or 25.2 percent of the new total supply.
What the Price Has Done Since
On August 21, 2026 at 03:59 UTC, SCRT marked an all-time low at $0.01860643. That was around eleven hours before the upgrade block. As at August 22, 00:36 UTC, the token trades at $0.0198 or 0.0170 euros, down around 31 percent over seven days and around 52 percent over the month. The all-time high of October 28, 2021 was $10.38. Figures from CoinGecko, retrieved on August 22, 2026.
What Is a Dilution Mint, and Why Does Your SCRT Balance Stay the Same?
A dilution mint is the one-off issuance of additional tokens to recipients determined in advance, without anything being taken away from existing holders. Your absolute number of units stays unchanged. What falls is your percentage share of total supply, and with it your weight in future votes.
The text of the motion puts this without varnish. It states the expectation that the existing supply will amount to about 25.1 percent of the total after the mint, and it speaks explicitly of “large-scale dilution as the cost of a viable, aligned network”. What is promised in return is that every existing holder stays on the same chain, including staked holdings and those bound up in contracts.
You may already know the arithmetic pattern from monthly unlocks at other projects. How to work out such a dilution yourself is something we set down step by step using the ZRO tranches in this walkthrough on the LayerZero unlock. The difference here: this is not a few percent a month, but a single step that puts three quarters of the new supply into circulation at once.
Is the Arbitrum Snapshot Happening on September 1, 2026? Proposal 360 Was Rejected
No. The vote on it ended on July 28, 2026, and the motion carries the status PROPOSAL_STATUS_REJECTED on the chain with the reason “proposal did not get enough votes to pass”.
A snapshot is a point-in-time record of all balances at a fixed block height; it serves as the basis for who can claim how many new tokens on another chain. Proposal 360 provided for taking such a snapshot on September 1, 2026, then issuing an ERC-20 token on Arbitrum One and making it claimable one for one via a redeemer contract. An ERC-20 token is a token following the standard format of the Ethereum ecosystem.
The voting picture was unambiguous: around 0.54 million SCRT in favour, 19.57 million against, 6.05 million with a veto and 50.08 million abstentions. Without the abstentions, the motion comes to 2.1 percent approval. The adopted Proposal 365 then says it in plain terms: “The chain continues on the same network. There is no fork, and no migration is supported by the community.”
Why Something Else Is Written Everywhere Anyway
Several large exchange newsrooms reported the migration as a plan in July and have not updated their reports since. Anyone searching today for “SCRT Arbitrum” will with high probability land on a text announcing a snapshot on September 1. In practical terms that means for you: there is nothing to claim, no redeemer contract and no deadline you could miss. Anyone sitting tight in reliance on it is waiting for an event with no date.
Where to take SCRT after the Binance delisting?Where Do the 1.08 Billion New SCRT Go? The Allocations From Proposal 365
The text of the motion in the project forum names the recipients and the lock-up periods. The largest items go to a new foundation together with core development, to an ecosystem fund, to a validator programme, to advisers and build-out work, and to compensation for those harmed in earlier incidents.
Two figures out of this matter more for price formation than the names of the buckets. First: around 308 million SCRT, about 21.4 percent of supply after the mint, are freely available immediately on execution according to the proposal. That includes the ecosystem fund, support for developers and relayers, and a first tranche of 30 percent of the compensation. Second: the remainder is subject to lock-ups, but may be staked during the lock and therefore counts in votes.
The Validator Programme in Detail
72 million SCRT are earmarked for validators, meaning 5.0 percent of the new total supply. Of that, 10 percent is paid out immediately, the remaining 90 percent in equal quarterly instalments over five years, and only to validators that continue actively producing blocks. Anyone charging a commission above 20 percent drops out of the programme. The foundation also undertakes to delegate to each participating validator at least the amount not yet paid out, for as long as it remains active. For you as a delegator that means the voting weights within the validator set will shift further over the coming quarters, even with nothing happening to the price.
What Does the Binance Delisting Mean for SCRT Holders? Trading Stops on September 3
A delisting is an exchange's decision to stop supporting a token; trading and withdrawal generally end at different points in time. Binance has removed SCRT from spot trading together with ICX and STORJ. Trading ends on September 3, 2026 at 03:00 UTC, with open orders deleted automatically. Withdrawals remain possible until November 3, 2026. The margin and futures side was wound down beforehand.
The full chain of dates with all the intermediate steps is in our report on the Binance delisting of ICX, SCRT and STORJ. What technically happens to your tokens in a delisting, and why the withdrawal cut-off is the genuinely hard date, is something we set out in general terms in this explainer on delistings at crypto exchanges.
The Order That Matters
If your SCRT sits on Binance, you have until September 3 to sell and two months after that to withdraw the tokens. Anyone letting the withdrawal date pass will then have to deal with the exchange's support desk, and that is not something you want to rely on with a token valued at just under $30 million.
Why the 21-Day Unbonding Period on SCRT Staking Now Decides Your Options
This is the point at which most overviews stop, and arithmetically it is the most important one.
Unbonding is the waiting time between the moment you give notice on your staked balance and the moment it can be moved freely again. At Secret Network it amounts, according to the staking parameters on the chain, to exactly 1,814,400 seconds, meaning 21 days. During that time you receive no distributions, cannot sell and cannot transfer to an exchange either.
From this follows a calculation that is not a matter of opinion. Trading at Binance ends on September 3, 2026 at 03:00 UTC. Anyone who still wanted to sell staked SCRT there would have had to start the notice by August 13, 2026 at the latest. Start today and your balance comes free on September 12, a good nine days after the trading close. For that one selling route, the window is shut.
What remains open is the route via other trading venues, and what remains open is withdrawal from Binance until November 3, provided your tokens are already sitting there. Of the 1.443 billion SCRT, 334.93 million are currently bonded according to the staking pool, corresponding to a staking ratio of 23.2 percent. If you want to rethink the staking question from scratch, our overview of the best staking platforms sets the terms and lock-up periods of the common providers side by side.
Hold tokens yourself instead of leaving them on the exchangeHow Much Inflation Does Secret Network Have Now? Five Percent On Chain, Nine Percent in the Docs
Inflation here means the ongoing issuance of tokens as a reward for everyone securing the network through staking. This ongoing issuance comes on top of the one-off mint.
The mint parameter on the chain stands at 0.05 on August 22, 2026, and minimum and maximum are set to the same value. Inflation is therefore fixed at 5.00 percent a year and no longer fluctuates with the staking ratio. The target value for the bonded supply stands at 67 percent, and the chain calculates with 5,435,774 blocks a year.
The public project documentation still describes the old model in the same place: 9 percent inflation for as long as the staking ratio sits below 66 percent, and a stepwise decline to 7 percent above that. Both statements were retrievable at the same time on August 22, 2026. In case of doubt the chain is the binding source; documentation often lags an upgrade by a few days. For your return expectations that means: work with the 5 percent, not the 9.
Which Risks the Proposal Names Itself, and What Follows for You
What is remarkable about the proposal is that it lists its own weak points in a long section instead of passing over them. These points are statements by the proposers, not an assessment by this editorial team, and they sit in the publicly viewable forum post.
- Concentrated voting rights. Large legacy holdings could continue to block decisions, a behaviour the proposal claims to have observed at earlier motions already.
- A coalition that fails to form. The proposal calls it the existential danger: if signers, validators, relayers and developers do not pull together, the network faces fragmentation or a slow decline.
- Exchange support. In its own words, there are no commitments whatsoever from trading venues; listing decisions lie beyond the reach of a community decision. The Binance delisting is the practical confirmation of that sentence.
- Technical condition. The proposal writes that the chain has not been well maintained for some time, and that whoever takes it on inherits the accumulated technical debt.
- Market and liquidity shock. Large new issuance can generate volatility and confusion; the immediately available share therefore has to be measured out cautiously.
- Compensation with no guarantee. The allocation improves the prospects of those harmed but promises no full reimbursement.
How you weight this list depends on whether you carry SCRT as a position in a portfolio or as a bet on the restart. Both readings are defensible. What is not defensible is leaving the holding where it is and ignoring the exchange's deadlines.
How to Check Your SCRT Holding Against the Chain Yourself in Five Minutes
All the figures in this text sit openly on the chain. You need connect no wallet and install no software for it; one browser window is enough.
The Four Queries That Suffice
A public LCD endpoint of the network answers the main questions directly. Via /cosmos/bank/v1beta1/supply/by_denom?denom=uscrt you get the total supply in uSCRT; divide the value by one million to arrive at SCRT. /cosmos/staking/v1beta1/pool delivers the bonded supply, /cosmos/staking/v1beta1/params the unbonding time in seconds, and /cosmos/mint/v1beta1/params shows the actual inflation. The status of a motion sits under /cosmos/gov/v1/proposals/365.
If you prefer it graphical, you will find the same decision including the vote distribution in the block explorer at Mintscan, Proposal 365. The full text of the motion with all allocations and the risk section sits in the Secret Network project forum.
The One Figure Worth Noting Down
If you take away only one number, make it your own share: divide your holding by 1,443,318,643 rather than by the supply your price tracker displays. Only then do you see how much weight your vote still carries at the next ballot.
Secret Network and SCRT: What to Take Away
- Check first where your SCRT sit. On Binance, trading ends on September 3, 2026 at 03:00 UTC and withdrawal on November 3. If you want to change trading venue, our crypto exchange comparison gives you an overview of where the token is still carried and what fees apply there.
- Reckon with 21 days on staking, not with one click. Give notice today and you reach your balance on September 12. Which providers set which lock-up periods and distributions is shown in our overview of the best staking platforms.
- Move stranded holdings into self-custody. A token without a large exchange behind it does not belong in a trading account that will shortly stop supporting it. Which device is still worth considering for that today is set out in our hardware wallet comparison.
(As of August 22, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)
Transparency note: This article was produced with the assistance of artificial intelligence and reviewed by our editorial team before publication. All figures and claims were checked against the primary sources linked in the text. The feature image was generated with AI.
