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Project Overview
Sophon is an entertainment-focused ecosystem built as a modular rollup leveraging zkSync’s ZK Stack technology. As a ZK chain leveraging the ZK Stack, Sophon is intended to be tailored for any high throughput applications such as artificial intelligence and gaming.
CoinDCX: Futures trading has resumed. SOPH, ERA, GTC, and LA will temporarily maintain a reduce-positions-only mode.
CoinDCX stated that platform futures trading has resumed normal operations across all markets. However, as a precaution, trading for SOPH, ERA, GTC, and LA remains in Reduce-Only mode for INR and USDT trading pairs. CoinDCX noted that, in light of the earlier incident involving global liquidity providers, the platform's risk management team will continue to monitor these tokens to guard against potential market manipulation and abnormal volatility.
Upbit Lists Sophon (SOPH) on Trading Warning List and Suspends Deposits
According to the official announcement, Upbit has added Sophon to its trading alert list and has suspended its deposit and withdrawal services.
Sophon Announces Mainnet Shutdown on November 30, 2026; Users Must Withdraw Assets by November 25
Sophon's official account (@Sophon) announced on X that, following its previous announcement to gradually shut down Sophon Chain, the final mainnet closure date has now been confirmed as November 30, 2026. The asset withdrawal deadline is November 25. After this date, key infrastructure and related websites will be sequentially taken offline, and assets remaining on-chain past the deadline may become permanently inaccessible.
Upbit will delist Sophon (SOPH) on November 16.
According to an official announcement, Upbit will terminate trading support for Sophon (SOPH) on November 16 at 14:00.
Coinbase Suspends Trading of 25 Perpetual Contracts and Completes Auto-Settlement
According to an official announcement, Coinbase has suspended trading of 25 perpetual contracts, as previously announced. All outstanding positions in these contracts have been automatically settled at the final settlement price. The affected contracts include TRB, RARE, NEIRO, A, ME, XTZ, KMNO, RAY, STX, ENS, GMT, SNX, 1000FLOKI, 0G, ORDI, NIL, BIO, UMA, BEAM, INIT, SOMI, EGLD, CLANKER, SOPH, and BIGTIME. The final settlement price was calculated as the average index price over the 60 minutes preceding the suspension. Coinbase stated that this action aims to focus on products that consistently meet liquidity and market quality standards, and that it will accelerate the launch of new perpetual contracts by optimizing internal processes.
Related news
CoinDCX: Futures trading has resumed. SOPH, ERA, GTC, and LA will temporarily maintain a reduce-positions-only mode.
CoinDCX stated that platform futures trading has resumed normal operations across all markets. However, as a precaution, trading for SOPH, ERA, GTC, and LA remains in Reduce-Only mode for INR and USDT trading pairs. CoinDCX noted that, in light of the earlier incident involving global liquidity providers, the platform's risk management team will continue to monitor these tokens to guard against potential market manipulation and abnormal volatility.
Sophon Announces Mainnet Shutdown on November 30, 2026; Users Must Withdraw Assets by November 25
Sophon's official account (@Sophon) announced on X that, following its previous announcement to gradually shut down Sophon Chain, the final mainnet closure date has now been confirmed as November 30, 2026. The asset withdrawal deadline is November 25. After this date, key infrastructure and related websites will be sequentially taken offline, and assets remaining on-chain past the deadline may become permanently inaccessible.
Upbit will delist Sophon (SOPH) on November 16.
According to an official announcement, Upbit will terminate trading support for Sophon (SOPH) on November 16 at 14:00.
Upbit Lists Sophon (SOPH) on Trading Warning List and Suspends Deposits
According to the official announcement, Upbit has added Sophon to its trading alert list and has suspended its deposit and withdrawal services.
Binance Will Add Monitoring Tags for GLMR, ICX, MOVR, RARE and SOPH
According to recent reviews, Binance will add Monitoring Tags to more tokens on August 11, 2026. The tokens added to the Monitoring Tag list are as follows: Moonbeam (GLMR), ICON (ICX), Moonriver (MOVR), SuperRare (RARE) and Sophon (SOPH).
Sophon shuts down its own Layer 2 and migrates to Base, pivoting to consumer application development
Sophon, which has raised a total of $70 million, announced it will shut down its own Layer 2 blockchain and migrate to Base, shifting its focus to consumer-grade application development. Sophon stated that spending millions of dollars annually to maintain its own chain is no longer justifiable.Sebastien, co-founder of Sophon, said the project's assessment is that the real value lies not in "who runs the underlying rails," but in the products built on top of them. Therefore, Sophon will no longer maintain the infrastructure and will instead concentrate resources on the application layer.According to reports, Sophon previously spent approximately $3.4 million per year to maintain its blockchain, covering expenditures on chain infrastructure, RaaS, data, analytics, and development tools. After shutting down its own chain, it is expected to reduce around $3 million in annual spending, thereby extending its cash runway and allocating more capital to application development.