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Sophon Shuts Down Native L2 and Moves to Base

2026-06-26 00:28:35

Sophon announced it will shut down its native blockchain and move to Base after previously raising $60 million. Sophon said maintaining its own chain costs millions of dollars annually while generating insufficient value. Pyre is scheduled to launch in early July as Sophon's first product.

SOPH-9.33%

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