Sophon Sets Nov. 25 Deadline for Mainnet Withdrawals
Sophon users must withdraw assets by November 25, 2026, ahead of the zkSync-based Layer 2’s mainnet shutdown on November 30. After bridges and RPC nodes are retired, remaining funds may become inaccessible. Sophon disabled new deposits on June 25 and says operating its standalone chain costs about $3.4 million a year; shutting it down is expected to save $3 million annually. Users should also withdraw assets from Sophon farms and claim staking and Guardian rewards. The project is shifting towards consumer finance and AI applications on Base, starting with the Pyre app. SOPH’s former gas and staking functions will end with the chain. The team says SOPH will instead be tied to revenue from its Base products, with a portion allocated to buybacks and burns. The token’s stated fixed supply is 10 billion.
Neutral
The shutdown is a direct operational negative for Sophon users and removes SOPH’s original gas and staking utilities, which could weigh on sentiment and liquidity in the short term. The November 25 withdrawal deadline may prompt users to move assets and claim rewards, while reduced on-chain activity could make SOPH trading more volatile. The article does not report broader market disruption, so the overall crypto-market impact is likely limited. Longer term, the pivot to Base and a proposed revenue-linked buyback-and-burn model could offer a new narrative for SOPH, but its effect depends on product adoption, revenue generation and clear implementation. Similar projects that have wound down underused chains have typically had concentrated effects on their own users and tokens rather than the wider market. Traders should distinguish the project’s stated plans from realized demand and monitor liquidity, token disclosures and the withdrawal process.