TechFlow reported, citing The Block, that Binance Labs has invested in Sophon, a ZKsync "elastic chain." Sophon is a Layer 2 network built using Matter Labs' modular open-source framework. The investment amount has not been disclosed.
Sophon uses Matter Labs' modular open-source framework to build its Layer 2 network. Its mainnet is set to launch next month, with token deployment imminent. To date, Sophon has raised over $70 million in total funding.




