Vitalik Buterin Endorses Soneium as a Promising Ethereum Layer-2 Solution
Vitalik Buterin endorsed Soneium, a new Layer-2 blockchain on Ethereum, launched on January 14, 2025, by Sony Block Solutions Labs. Soneium aims to serve both users and businesses effectively.
Buterin stated that Soneium demonstrates the benefits of an Ethereum L2 for businesses, allowing them to manage user control.
The launch faced controversy due to restrictions on certain tokens. Buterin defended these rules, emphasizing that on-chain governance is transparent and auditable.
He noted that all rules are visible and can be verified by third parties.
Soneium's mainnet launch contributes to Ethereum’s Layer-2 scaling solutions, joining competitors like Base and Arbitrum. Restrictions on meme coins were criticized, but Buterin clarified they are not censorship measures.
Soneium's Impressive Test Phase—47M Transactions in Four Months
- Soneium processed 47 million transactions during its four-month testing phase.
- It attracted over 14 million users.
- Sota Watanabe stated that Soneium is designed for widespread accessibility.
The platform uses USDC as the primary exchange token through a partnership with Circle, enhancing reliability and bridging traditional and decentralized finance. Future integration of Web2 and Web3 technologies is planned.
Despite competition, Soneium introduces a unique approach within the Ethereum ecosystem. Buterin highlighted the importance of such innovations for financial activities.
Ethereum Layer-2 Push
- Competitors include Kraken’s Ink and existing players like Base Network and Arbitrum.
- Base continues to lead in transaction volume and Total Value Locked (TVL).
- Base developers plan to tokenize COIN this year.
Soneium stands out for its business-friendly design and transparency, showcasing the potential for balancing control and user autonomy.