Sophon Set to Pull Plug on Layer 2 Network After $70M Funding Push

Urgent Action Required for Asset Holders

Sophon Chain has officially acceptable the last timeline for winding down its Layer 2 blockchain network successful an announcement released to token holders and users connected Oct. 20. According to the announcement, the Sophon mainnet volition permanently unopen down connected Nov. 30, 2026.

However, users person been advised to instrumentality Nov. 25, 2026, arsenic the hard deadline for each plus withdrawals, portion cardinal web infrastructure and associated websites volition statesman shutting down instantly after.

In a post connected X, the Sophon squad warned that immoderate funds remaining connected the concatenation aft the deadline hazard becoming permanently inaccessible erstwhile cardinal services, bridges, and RPC nodes spell dark.

“Withdraw liquid SOPH, ETH, USDC, and different assets utilizing https://claim.sophon.com. Also assertion immoderate outstanding staking oregon Guardian rewards. If you person unclaimed Sophon workplace assets, guarantee you retreat those arsenic good from https://farm.sophon.xyz,” the squad said.

The Sophon squad emphasized that users indispensable not permission withdrawals until the past time to forestall imaginable congestion oregon method complications, informing holders to strictly usage authoritative links and beware of fraudulent migration websites attempting phishing scams.

Pivot Driven by High Operating Costs

The scheduling of the last shutdown follows a strategical rethink archetypal announced successful mid-2026. Sophon primitively launched arsenic an ambitious, entertainment- and lifestyle-focused Layer 2 web powered by Matter Labs’ Zksync ZK Stack. During its archetypal enlargement phases successful 2024, Sophon attracted wide marketplace attraction and organization backing.

The task raised astir $70 cardinal successful funding, which included a $10 cardinal effect circular led by Paper Ventures and Maven 11, implicit $60 cardinal from a node merchantability successful April 2024, and consequent strategical backing from Binance Labs. Despite its superior foundation, the squad concluded earlier this twelvemonth that maintaining a standalone Layer 2 infrastructure was economically unfeasible, citing yearly operational overhead exceeding $3 million.

As portion of a broader displacement crossed the decentralized ecosystem, Sophon opted to sunset its dedicated concatenation and pivot toward processing user applications connected the Coinbase-backed Base network, with revenues from these caller applications earmarked for SOPH token buyback and pain models.

The terms of SOPH has plunged successful caller months, hitting a caller all-time debased of $0.001623 connected Tuesday pursuing the announcement. SOPH present sits much than 98% beneath its highest terms supra $0.11 acceptable successful May 2025.