Breaking: Sony Announces Ethereum L2 Soneium On Optimism, These Crypto To Rally

Sony partners Startale to announces new Ethereum layer-2 blockchain Soneium on Optimism. These crypto partners' tokens saw upsurge.
By Varinder Singh
Updated July 17, 2025
Sony’s Layer-2 Blockchain Soneium Goes Live With Two Key Projects

Highlights

  • Sony Group and Startale announces Ethereum Layer 2 blockchain "Soneium".
  • The blockchain that aims to empower developers, creators, and communities in Web3.
  • Astar Network, Alchemy, Chainlink, Circle, Optimism, and The Graph are the launch partners.

Sony Group announces its own blockchain “Soneium” in partnership with Startale. The public Ethereum layer 2 blockchain is built on Optimism’s OP Stack. With support from Astar Network, Alchemy, Chainlink, Circle, Optimism, and The Graph, the versatile chain aims to attract app developers from sectors including entertainment, gaming, and finance.

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Sony Aims to Revolutionize Ethereum Layer 2

Sony Block Solutions Labs, a joint venture between Sony Group and Startale Labs, has announced the public Ethereum layer 2 next-generation blockchain Soneium, as per a press release on August 23.

The company asserts Soneium is planned to be a versatile, general-purpose blockchain that aims to empower developers, creators, and communities.

“We think the development of a comprehensive Web3 solution based on blockchain is very significant to the Sony Group, which has developed a wide variety of businesses under its purpose of “Fill the world with emotion, through the power of creativity and technology”, said Jun Watanabe, Chairman, Sony Block Solutions Labs.

The company is considering offering new services in addition to the existing Web3 services with Soneium in the future. The blockchain will focus on three values — emotion, creative, and going mainstream.

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Soneium Testnet Launch

The company plans to launch testnet in the coming days. Notably, developers and creators can even start building their own applications on the testnet using initial developer tools and SDKs.

The Ethereum Layer 2 blockchain will handle data processing with fast processing speed and low fees. Also, the chain is designed to have a robust development environment, developer & creator-centric tools and resources, and boost accessibility.

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Crypto to Benefit From New Blockchain

The Soneium blockchain launch will boost in network and prices of Astar Network and other partners including Chainlink, Optimism, and The Graph.

Astar Network is transitioning Astar zkEVM to Soneium, enhancing ASTR’s visibility and utility. Moreover, the revenue generated will be reinvested into Astar.

ASTR price saw 10% jump after the announcement, but the upsurge has not dipped to 5% in the last 24 hours. The 24-hour low and high are 0.06902 and 0.0772, respectively.

Optimism price surged 8% over the last 24 hours, with a sudden upside move after this new blockchain announcement. It hit a 24-high of $1.57.

GRT price also witnessed a 7% upside in the past 24 hours. Meanwhile, LINK price rose 1.40% in the last 24 hours.

Meanwhile, Circle said it is redefining the Web3 landscape with bridged USDC on Soneium, making Web3 experiences more accessible.

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Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
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