$SOPH is shutting down too!
A star blockchain that once raised $70 million and had the backing of two major exchanges—Binance and Lao Xu next door—is shutting down too.
Sophon has officially announced that its mainnet will be fully shut down on the 30th of next month! All users must withdraw their tokens before November 25.
It’s quite sad to see how, in just two and a half years, it went from being eagerly embraced by everyone, with a TVL of over $20 million, to having just over $10,000 left today, with on-chain revenue basically at zero.
We’re no longer in an era like 2018, when you could get by on narratives alone. What’s lacking now isn’t a narrative, but real-world adoption and real users.
A star blockchain that once raised $70 million and had the backing of two major exchanges—Binance and Lao Xu next door—is shutting down too.
Sophon has officially announced that its mainnet will be fully shut down on the 30th of next month! All users must withdraw their tokens before November 25.
It’s quite sad to see how, in just two and a half years, it went from being eagerly embraced by everyone, with a TVL of over $20 million, to having just over $10,000 left today, with on-chain revenue basically at zero.
We’re no longer in an era like 2018, when you could get by on narratives alone. What’s lacking now isn’t a narrative, but real-world adoption and real users.
