TREE NEWS update: Sophon has set Nov. 25 as the deadline for users to withdraw funds before it shuts down its standalone blockchain. In June, the project’s developers said the cost of maintaining the chain no longer justified its benefits and announced plans to focus on consumer finance and AI applications on Base.
Sophon sets Nov. 25 withdrawal deadline ahead of mainnet shutdown
A project winding down its own chain to redeploy on Base is a small but telling data point on the economics of standalone L1/L2 operation: when maintenance costs outrun perceived benefit, consolidation onto larger ecosystems becomes the path of least resistance. The immediate audience is anyone with assets still on Sophon, for whom the withdrawal window is now finite. The more interesting question is whether the pivot toward consumer finance and AI on Base delivers anything the abandoned chain could not, or whether the shutdown simply precedes a quieter fade.
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