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Sophon shut down its proprietary Layer 2 architecture and migrated to Base, shifting its focus to consumer application development.

Odaily Odaily reports that Sophon, which has raised a total of $70 million, has announced it will shut down its proprietary Layer 2 blockchain and migrate to Base, shifting its focus to consumer application development. Sophon stated that continuing to invest millions of dollars annually in maintaining its own blockchain is no longer justifiable. Sophon co-founder Sebastien stated that the project's assessment is that the true value lies not in "who runs the underlying tracks," but in the products built upon them. Therefore, Sophon will no longer maintain the infrastructure, but will instead focus its resources on the application layer. Sophon reportedly spent approximately $3.4 million annually maintaining its blockchain, covering expenses such as chain infrastructure, RaaS, data, analytics, and development tools. Shutting down its proprietary chain is expected to reduce annual costs by approximately $3 million, thereby extending the funding runway and allowing more capital to be invested in application development.
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07-02 23:30

Onyx: Layer 3 will be deprecated and shut down by the end of 2026, with a shift in focus to Onyx Layer 1.

According to Foresight News , Onyx Protocol announced that Onyx Layer 3 (XCN Ledger) will be deprecated and shut down on December 31, 2026, and development will shift entirely to Onyx Layer 1. Onyx stated that this transition will not change XCN itself. Ethereum ERC-20 contracts will remain the primary representation of XCN, and holders will continue to cross-chain asset transfers between Ethereum and Onyx Layer 1 as needed. As part of this transition, XCN holders will be able to seamlessly bridge their Ethereum-based XCNs to Onyx Layer 1, enabling participation in staking, applications, and future network features.

07-08 12:02

TermiX, the agent-based commercial clearing layer, has officially launched mainnet and released the BNB Chain ecosystem Agents Marketplace: Agent.family

According to Mars Finance, TermiX, an AI agent commercial clearing layer, has officially launched mainnet and introduced the BNB Chain ecosystem Agents Marketplace. Agents can register ERC8004-based Agent IDs on the marketplace and post, accept, and verify over 120 different types of Agent Jobs. Major agents, including OpenClaw and Hermes, can integrate TermiX Skills with a single click, gaining the ability to conduct agent commercial activities globally. TermiX is reportedly an AI agent commercial clearing layer on the BNB Chain, and in May of this year, it announced a $1 million investment from YZi Labs.

07-07 15:46

TermiX, the agent-based commercial clearing layer, officially launched mainnet and released the BNB Chain ecosystem Agents Marketplace. —|2024111120230_|

On July 6th, Odaily Odaily that TermiX, an AI agent commercial clearing layer, officially launched mainnet and introduced the BNB Chain ecosystem Agents Marketplace. Agents can register ERC8004-based Agent IDs on the marketplace and publish, accept, and verify over 120 different types of Agent Jobs. Major agents, including OpenClaw and Hermes, can integrate TermiX Skills with a single click, gaining the ability to conduct agent commercial activities globally. TermiX is reportedly an AI agent commercial clearing layer on the BNB Chain, and in May of this year, it announced a $1 million investment from YZi Labs.

07-04 12:20

Critini Analyst: The token price war has bottomed out; Chinese AI "open source" players are raising prices or shifting to closed source.

According to Beating's monitoring, Jukan, an analyst at Critini Research, stated that Chinese AI "open source" players are also raising prices or gradually shifting towards a more closed-source model. He believes the token price war in China has bottomed out. Zhipu, the platform behind GLM-5.2, has also raised its price multiple times this year. Large-scale model developers in China cannot ignore return on investment forever; open source does not equate to cheap API pricing. --------------------------------- Click the original link below to join Beating's AI news channel on Lark, monitoring global AI hotspots and news 24/7.

06-30 09:55

ZetaChain will gradually shut down its traditional cross-chain services and shift its focus to an AI-powered private memory layer.

According to Foresight News , ZetaChain announced that it will gradually shut down its traditional cross-chain infrastructure to focus on Anuma and next-generation user-owned memories, identity, permissions, payments, and AI agents. According to the transition plan, ZetaChain will complete the decommissioning of traditional cross-chain services in three phases: from June 1st (the platform will completely stop deposits, but users can continue to withdraw eligible assets); before June 30th (a final withdrawal window will be provided to users); from June 30th (all ZRC20 token withdrawals will be suspended indefinitely, and cross-chain monitoring of 10 chains including Bitcoin, Ethereum, Solana, Arbitrum, Base, BSC, Polygon, Avalanche, Sui, and TON will be terminated).

06-29 20:28

Sky has been confirmed as the provider of USDS liquidity for FX Layer, the stablecoin exchange system for Spark and Uniswap.

According to Foresight News , Sky (formerly MakerDAO), in conjunction with Spark and Uniswap, announced that approximately $150 million in liquidity migrated from Sky's USDS ecosystem to its previously launched stablecoin FX Layer project. USDS serves as the initial pricing asset within the network, providing basic liquidity for the USDS/USDT and USDS/PYUSD pools. The three parties stated that this is the first large-scale implementation of this liquidity framework, with a long-term vision of enabling more issuers (such as PayPal's continuously expanding PYUSD, Ripple's RLUSD, and institutions like Robinhood and Revolut exploring stablecoin businesses) to access this shared infrastructure, rather than building their own independent liquidity networks. They also aim to explore ways to allow idle funds to generate returns within the governance framework even when not participating in market making. Previously, on June 25, Spark and Uniswap announced the joint launch of the stablecoin exchange system FX Layer, which aims to provide shared liquidity infrastructure for multiple stablecoin issuers such as banks, fintech companies, and payment companies, avoiding the need for them to build their own liquidity pools, market makers, and inventory management. Spark, as the orchestration layer, determines how liquidity is allocated and coordinated among different stablecoins, while Uniswap v4 provides a programmable AMM architecture (a DualPool hook based on hooks mechanism) to execute specific transaction paths.