Sophon Ditches Its Own Layer 2 Chain in Favor of Base

Sophon, the blockchain project behind the SOPH token, has made a significant strategic pivot by shutting down its dedicated Layer 2 chain and migrating to Base, the Ethereum Layer 2 network incubated by Coinbase.

The decision marks the end of the era of cryptocurrency infrastructure, according to Sophon, which believes that a project's long-term value lies in its products rather than the underlying chain it operates on.

By discontinuing its own Layer 2 chain, Sophon expects to save approximately $3 million per year in operational costs, funds that will be redirected toward application development.