TechFlow News, June 26: According to The Block, Sophon announced it will cease operations of its Layer 2 blockchain and migrate to the Base ecosystem, citing annual maintenance costs of approximately $3.4 million for its proprietary chain—a level of expenditure no longer economically viable. The team stated it will instead concentrate resources on developing consumer-facing applications, with initial products including Pyre (a gamified new finance application), Sophon Earn (a yield product), Sophon Play (developer tools), XP (a payment application), and SophAI (an AI product).
Meanwhile, Sophon will also reposition the SOPH token—from its original role as a gas token—to a “buyback-and-burn” mechanism tied to product revenue, aiming to directly link token value to commercial performance.
