Sophon Set to Pull Plug on Layer 2 Network After $70M Funding Push
Sophon Chain is officially winding down its standalone Ethereum Layer 2 network, with the final mainnet shutdown scheduled for Nov. 30. Any assets left onchain past Nov. 25 risk becoming permanently inaccessible. Urgent Action Required for Asset Holders Sophon Chain has officially set the final timeline for winding down its Layer 2 blockchain network in […]
Sophon Chain is shutting down its standalone Ethereum Layer 2 network, with the final mainnet shutdown set for Nov. 30 and assets left onchain after Nov. 25 at risk of becoming permanently inaccessible. The wind-down comes after a $70M funding push, raising questions about capital deployment and sustainability of L2 projects. Traders holding assets on Sophon should withdraw immediately, and the closure adds to bearish sentiment around the crowded Ethereum L2 landscape.
