# Sophon 101 *Author: Bankless* *Published: Jun 2, 2025* *Source: https://www.bankless.com/read/sophon-101* --- [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/01/unnamed--48-.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=read/sophon-101-consumer-l2&email=true) Sophon 101 Published on June 2, 2025 [ View in Browser ](https://www.bankless.com/metaversal) --- [**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=read/sophon-101-consumer-l2&email=true) — Mantle is building the largest sustainable hub for onchain finance [Learn more](https://www.bankless.com/sponsor/mantle-1706216729?ref=read/sophon-101-consumer-l2&email=true) .  .  . CULTURE NEWS Yuga Labs Goes Small [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/06/Group-14---2025-06-02T152400.385.png)](https://www.bankless.com/metaversal)- 🦉 **Yuga Offloads Moonbirds IP**. Yuga Labs appears to be offloading all of its IP acquisitions, with its [sale of the Moonbirds, Oddities and Mythics IP](https://x.com/Ocapgames/status/1928496749360066683) to a relatively unknown games company Friday offering its biggest head-scratcher sale yet. - 👾 **The 'Song a Day' Guy Drops a Vibe Coded Crypto Game**. CT stalwart @songadaymann has a new [vibe-coded video game](https://x.com/songadaymann/status/1929605548338536554) based on his struggles paying crypto taxes. - 💳 **Consensys Buys Web3Auth to Level Up MetaMask**. The wallet infra startup [brings](https://www.theblock.co/post/356569/consensys-metamask-web3auth-acquisition) Web2 account recovery methods to crypto infra in a bid to promote normie accessibility. .  .  . ANALYSIS Sophon 101: Inside the New Consumer-Focused L2 Bankless Author: [ William M. Peaster](https://x.com/wmpeaster) [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/06/image---2025-05-31T221947.723-1.png)](https://www.bankless.com/read/sophon-101-consumer-l2)[Sophon](https://sophon.xyz/), an up-and-coming consumer crypto L2, reached a new ATH of [+$251M in total value secured](https://l2beat.com/scaling/projects/sophon) (TVS) last week in the wake of its [$SOPH](https://x.com/sophon/status/1927697463655219692) token launch. The newer chain has flown under the radar so far, but it's looking to keep its momentum going and gain a foothold in crypto's entertainment scene. Let's catch you up on all the basics here. ## **What is Sophon?** ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/06/image---2025-05-31T214420.945.png)A member of ZKsync's [Elastic Chain](https://zksync.mirror.xyz/BqdsMuLluf6AlWBgWOKoa587eQcFZq20zTf7dYblxsU) ecosystem, Sophon is an Ethereum Layer 2 network built on the [ZK Stack](https://zkstack.io/) framework. Instead of using the rollup architecture, Sophon operates as a [Validium](https://docs.sophon.xyz/architecture/validiums). Specifically, it processes data offchain via Avail and ensures its transactions by submitting zero-knowledge proofs to Ethereum. This design lets the network keep transaction fees low and throughput high while inheriting Ethereum's security. Additionally, its [smart account](https://docs.sophon.xyz/architecture/account-abstraction) and [Paymaster](https://docs.sophon.xyz/architecture/paymasters) pillars are aimed at providing UX that can win over everyday users from outside crypto. ## **Why Sophon?** Sophon's central mission is to support onchain consumer apps and platforms that offer broad appeal, so think things like betting, collectibles, gaming, social media, ticketing, and beyond. This focus puts Sophon in the same ballpark as [Abstract](https://www.abs.xyz/), which has been gaining steam in consumer crypto since the start of the year. Yet there's plenty of pie to go around. With +5 billion social media users worldwide and the online betting and gaming markets on track to top $100B and $500B this year, the field is wide open for disruption. In other words, the first movers here *today *could become the consumer titans of *tomorrow*. That's the bet Sophon is making. ## **The $SOPH token** ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/06/image---2025-05-31T211824.228.png)[$SOPH](https://www.coingecko.com/en/coins/sophon) is the native utility token of Sophon. It's used as gas for paying transaction costs on the chain and for security via staking. With 2B tokens circulating after last week's token generation event (TGE) from a 10B max supply, $SOPH is now trading just under $0.05 per coin, giving the project a market cap of $96 million and a fully-diluted valuation of $479 million. As for staking, users can deposit their $SOPH to Sophon's [Earn platform](https://claim.sophon.xyz/earn) to help secure the network and to earn a cut of its transaction fees. At the time of writing, over 5,000 holders were staking 2.7% of the $SOPH supply and earning 4% APY for doing so. ## **How to dive in** ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2025/06/image---2025-05-31T220223.112.png) ### 🪙** Acquire $SOPH** You'll need some tokens to cover your transaction costs. One option is to acquire $SOPH via [Uniswap on Ethereum](https://app.uniswap.org/explore/tokens/ethereum/0x6b7774cb12ed7573a7586e7d0e62a2a563ddd3f0) if it's not supported on your CEX of choice. ### 🪪** Create a Sophon account ** Head to [app.sophon.xyz](https://app.sophon.xyz/) and press "Log in." In the ensuing interface, use an existing wallet to create an account or get started via your email, Discord, Google, Telegram, or X account. ### 🌉** Bridge in** If you're starting with your $SOPH funds on Ethereum, you'll need to move them over to Sophon. I recommend using the [Sophon Bridge](https://portal.sophon.xyz/bridge) for this, but third-party platforms like [Orbiter Finance](https://orbiter.finance/bridge/Ethereum/Sophon?token=SOPH) are also available. ### 🔍** Explore Sophon apps** [Sophon Home](https://app.sophon.xyz/) is the Sophon community's frontpage. You can use this hub to find and try apps across categories like DeFi, NFTs, and gaming, and it's also where you can track and manage your Sophon activity and profile. Start here if you're looking to explore the ecosystem. [Bookmark on Bankless](https://www.bankless.com/read/sophon-101-consumer-l2) --- --- *This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=read/sophon-101)*