TL;DR:
- Sophon declares the everlasting closure of its Layer 2 community after evaluating that sustaining the infrastructure didn’t generate differentiated worth for customers.
- The tech agency will migrate its operations to the Base community, citing this platform’s management in mass adoption and the agentic economic system.
- The SOPH token will modify its financial mannequin, eliminating gasoline and governance capabilities to implement a everlasting buyback-and-burn program.
The tech studio Sophon introduced the cessation of operations of its Layer 2 community primarily based on zero-knowledge (ZK) know-how. Any further, they’ll direct their efforts towards growing shopper functions on the Base community. As of Thursday, June twenty fifth, deposits to the previous chain have been suspended.
— Sophon (@Sophon) June 25, 2026
This determination was made after 9 months of operations, a interval throughout which the crew concluded that the actual worth for the market is discovered on the software layer moderately than the infrastructure layer.
The corporate, which raised $60 million to fund its platform, is now adopting the id of Soph(+). The corporate’s official announcement signifies that working its personal chain represented tens of millions of {dollars} in annual prices that didn’t translate into unique advantages for customers. The pivot goals to channel treasury assets instantly into product design and distribution methods.
Migration to Base and the launch of Pyre
The choice of Base as the brand new operational basis responds to consolidation projections within the Layer 2 community sector. The strategic evaluation introduced by Sophon reveals that the blockchain atmosphere will expertise a course of much like that of working techniques or social networks, the place just a few platforms will preserve long-term dominance. Integration with Base’s x402 customary is cited as a decisive issue for the agency’s plans within the automated agent economic system.
The primary product derived from this restructuring is Pyre, a every day funds software targeted on sending, saving, and spending capital. The platform introduces the idea of “leisure finance” by way of dynamics the place each transaction opens a file that customers can settle or play inside the interface. Though the discharge date has not been set by the crew, technical growth stays in a complicated stage.
The Sophon ecosystem will hold the infrastructure of its previous Layer 2 community energetic till no less than the tip of December 2026 to make sure an orderly transition of current belongings.
The change in architectural mannequin instantly impacts the design of the group’s native token. Staking utilities and using SOPH to pay gasoline charges on their very own chain can be progressively eradicated. As a replacement, the brand new financial system will use income generated by business functions to fund a token buyback program on the open market. The models acquired below this mechanism can be completely destroyed with the aim of decreasing the circulating provide because the merchandise scale their utilization quantity.
