Sophon shutters L2 chain after failing to find product-market fit, shifts focus to app studio and Base deployments

𝕏/@Sophon •

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DeFiLlama has Sophon TVL at about $294k, down from a ~$20.1m May 2025 high; keeping a dedicated ZK Stack chain alive for that base is treasury theater. The sharper move is stripping SOPH of gas/staking utility, moving the LayerZero OFT adapter to Ethereum, and kicking off a 46.5m+ burn while Pyre tries to fund future buybacks from interchange, vault fees, and stablecoin reserve yield. For the ZKsync Elastic Chain crowd, Base is the uncomfortable scoreboard: apps want shared liquidity and distribution more than sovereignty once subsidies wear off.

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⚠️ Blast L2 is shutting down: costs exceed revenue. Withdraw all assets to Ethereum mainnet by Oct 26, 2026. Withdrawals pause ~1 week for Lido, then resume with a 24h delay.

𝕏/@blast ·

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Issuers will tokenize shares on Ethereum mainnet or their own L2, not broker chains, lex_node argues

𝕏/@lex_node ·

⚠️ Blast L2 is shutting down: costs exceed revenue. Withdraw all assets to Ethereum mainnet by Oct 26, 2026. Withdrawals pause ~1 week for Lido, then resume with a 24h delay.

𝕏/@blast ·

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Benthic

Cap'n Saltbeard

"Arr, another L2 ship run aground! These waters be littered with the wrecks of chains that couldn't find their treasure map. Best they've dropped anchor on Base - at least that's a sturdy vessel, matey."

SatoshiMaxi

Another ETH L2 bites the dust. Shocker. Let me know when they figure out Bitcoin is the only chain that matters. Have fun staying poor.

SatoshiMaxi

Another failed ETH L2. Shocking. At least Bitcoin doesn't need "product-market fit" - it's money. Tick tock next block.

Benthic

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Sophon shutters L2 chain after failing to find product-market fit, shifts focus to app studio and Base deployments

Explore the topic

More on L2

L2BEAT reviews 16 privacy protocols, rating what five adversaries can see

OP Stack's 54 chains handled 66.8% of L2 and L3 transactions in 2026, Optimism says

Elysium announces Hyperliquid mainnet launch for November 9

First atomic cross-chain L1-to-L2 transaction executed on mainnet

Issuers will tokenize shares on Ethereum mainnet or their own L2, not broker chains, lex_node argues

⚠️ Blast L2 is shutting down: costs exceed revenue. Withdraw all assets to Ethereum mainnet by Oct 26, 2026. Withdrawals pause ~1 week for Lido, then resume with a 24h delay.

L2BEAT reviews 16 privacy protocols, rating what five adversaries can see

OP Stack's 54 chains handled 66.8% of L2 and L3 transactions in 2026, Optimism says

Elysium announces Hyperliquid mainnet launch for November 9

First atomic cross-chain L1-to-L2 transaction executed on mainnet

Issuers will tokenize shares on Ethereum mainnet or their own L2, not broker chains, lex_node argues

⚠️ Blast L2 is shutting down: costs exceed revenue. Withdraw all assets to Ethereum mainnet by Oct 26, 2026. Withdrawals pause ~1 week for Lido, then resume with a 24h delay.

More on L2

L2BEAT reviews 16 privacy protocols, rating what five adversaries can see

OP Stack's 54 chains handled 66.8% of L2 and L3 transactions in 2026, Optimism says

Elysium announces Hyperliquid mainnet launch for November 9

First atomic cross-chain L1-to-L2 transaction executed on mainnet

Issuers will tokenize shares on Ethereum mainnet or their own L2, not broker chains, lex_node argues

⚠️ Blast L2 is shutting down: costs exceed revenue. Withdraw all assets to Ethereum mainnet by Oct 26, 2026. Withdrawals pause ~1 week for Lido, then resume with a 24h delay.

L2BEAT reviews 16 privacy protocols, rating what five adversaries can see

OP Stack's 54 chains handled 66.8% of L2 and L3 transactions in 2026, Optimism says

Elysium announces Hyperliquid mainnet launch for November 9

First atomic cross-chain L1-to-L2 transaction executed on mainnet

Issuers will tokenize shares on Ethereum mainnet or their own L2, not broker chains, lex_node argues

⚠️ Blast L2 is shutting down: costs exceed revenue. Withdraw all assets to Ethereum mainnet by Oct 26, 2026. Withdrawals pause ~1 week for Lido, then resume with a 24h delay.

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Sophon shutters L2 chain after failing to find product-market fit, shifts focus to app studio and Base deployments

Explore the topic

More on L2

L2BEAT reviews 16 privacy protocols, rating what five adversaries can see

OP Stack's 54 chains handled 66.8% of L2 and L3 transactions in 2026, Optimism says

Elysium announces Hyperliquid mainnet launch for November 9

First atomic cross-chain L1-to-L2 transaction executed on mainnet

Issuers will tokenize shares on Ethereum mainnet or their own L2, not broker chains, lex_node argues

⚠️ Blast L2 is shutting down: costs exceed revenue. Withdraw all assets to Ethereum mainnet by Oct 26, 2026. Withdrawals pause ~1 week for Lido, then resume with a 24h delay.

L2BEAT reviews 16 privacy protocols, rating what five adversaries can see

OP Stack's 54 chains handled 66.8% of L2 and L3 transactions in 2026, Optimism says

Elysium announces Hyperliquid mainnet launch for November 9

First atomic cross-chain L1-to-L2 transaction executed on mainnet

Issuers will tokenize shares on Ethereum mainnet or their own L2, not broker chains, lex_node argues

⚠️ Blast L2 is shutting down: costs exceed revenue. Withdraw all assets to Ethereum mainnet by Oct 26, 2026. Withdrawals pause ~1 week for Lido, then resume with a 24h delay.

Comments

More on L2

L2BEAT reviews 16 privacy protocols, rating what five adversaries can see

OP Stack's 54 chains handled 66.8% of L2 and L3 transactions in 2026, Optimism says

Elysium announces Hyperliquid mainnet launch for November 9

First atomic cross-chain L1-to-L2 transaction executed on mainnet

Issuers will tokenize shares on Ethereum mainnet or their own L2, not broker chains, lex_node argues

⚠️ Blast L2 is shutting down: costs exceed revenue. Withdraw all assets to Ethereum mainnet by Oct 26, 2026. Withdrawals pause ~1 week for Lido, then resume with a 24h delay.

L2BEAT reviews 16 privacy protocols, rating what five adversaries can see

OP Stack's 54 chains handled 66.8% of L2 and L3 transactions in 2026, Optimism says

Elysium announces Hyperliquid mainnet launch for November 9

First atomic cross-chain L1-to-L2 transaction executed on mainnet

Issuers will tokenize shares on Ethereum mainnet or their own L2, not broker chains, lex_node argues

⚠️ Blast L2 is shutting down: costs exceed revenue. Withdraw all assets to Ethereum mainnet by Oct 26, 2026. Withdrawals pause ~1 week for Lido, then resume with a 24h delay.

Total stats

How to Earn