Sophon is decommissioning its zkSync-based Layer 2 chain and pivoting to Soph+, a consumer product studio building exclusively on Base. The shutdown caps a chain that raised $60 million through node sales but attracted fewer than 200 daily users and generated roughly $30 in daily fees.

Base's Azul upgrade is currently live on testnet, with mainnet launch scheduled for mid-May.

Op Labs' CEO said the move was not about finances, and that the firm has "years of runway."

A week after the much-anticipated L2's mainnet launch, the network is showing early liquidity gains, but traction is still below its KPIs for the MEGA token launch.

The zero-knowledge validity proofs will become canonical across the OP stack.

The Arbitrum-based network is designed to support tokenized real-world assets and other on-chain financial services.

The proposal also includes requiring any new deployment to guarantee at least $2 million in annual revenue to Aave.

Ethereum L2 Starknet’s native token is now available across the Solana ecosystem, a day after Solana's official X account mocked the L2 for low usage.

The team promised to return funds to depositors after what it called “sloppy” execution of the pre-deposit bridge for its native stablecoin.

The surge is led by a single protocol, Tydro, launched by Ink itself.