SOON, which is positioned as the most efficient rollup stack based on Decoupled SVM (Solana Virtual Machine) technology, will launch its Alpha mainnet today.
Features of Solana Virtual Machine ‘SOON’
SOON Mainnet is going to be as fast as we ship them.
Tomorrow is the big day.
— Henry Spသcer (@mary0x_) January 2, 2025
With its alpha mainnet, SOON aims to address scalability and high transaction fee issues faced by large-scale networks, especially Ethereum. By adopting rollup technology, it seeks to reduce transaction costs and increase transaction speed.
SOON boasts a block time of 50 milliseconds and a capacity of 30,000 transactions per second (TPS) on its testnet. The Solana Virtual Machine processed 950,000 transactions in a single month, demonstrating its superior performance in scalability and speed. Developers can access SOON’s technical documentation via SOON docs and contribute through GitHub.
While detailed tokenomics remain undisclosed, the SOON token will support various activities, including DeFi platforms, bridging services, and payment systems.
SOON will be supported by Backpack, OKX Wallet, and Nightly App. Its DeFi Platforms includes Portal Finance (cross-chain lending), Polyquest (prediction market), and Alita Exchange (DEX). The SOON Bridge facilitates seamless blockchain interoperability.
Payment Systems are powered by CoinPay and GigenticAI. Infrastructure of the project includes AeroNyx Network and Calderaxyz provide RAAS (Rollup as a Service) and AVS (Application Validation Service).
SOON also conducted a “cobuilder” round with individual angel investors, including the co-founder of Solana, the president of the Solana Foundation, and the co-founder of Celestia Labs, instead of traditional venture capital firms.
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