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Sophon, which has raised $70 million in total funding, is sunsetting its Layer 2 blockchain and relocating to Base to build consumer applications.
The move is a full strategic exit from operating independent chain infrastructure — not a gradual wind-down. Exiting the Layer 2 Business Sophon built and ran its own Layer 2 network before electing to shut it down.
Layer 2 blockchains sit on top of a base chain to process transactions at lower cost and higher throughput; operating one independently requires sustained capital deployment, engineering resources, and ongoing liquidity development.
Sophon's decision to sunset that network rather than continue investing in it reflects a judgment that the infrastructure path was not the right one for the company.
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