According to ChainCatcher, SVM network SOON announced the official launch of the Alpha mainnet and the release of $SOON token economics.

The Alpha mainnet is the first true SVM Rollup on Ethereum due to the SVM architecture. SOON Alpha mainnet integrates all necessary mainnet functions, using Ethereum as the settlement layer and EigenDA for data availability.

SOON also announced the $SOON token economics, details are as follows:

  • 51% allocated to the community

  • No pre-mining, no pre-token allocation, no VC privileges

  • Everyone will be given an equal opportunity to pass [REDACTED] at the same time

According to the Web3 asset data platform RootData, SOON is a rollup stack designed to provide top performance for all Layer 1 blockchains, supported by the Decoupled SVM and EigenDA layers. SOON is built on top of the OP stack, leveraging the advanced capabilities of Decoupled SVM to achieve unparalleled speed and scalability, and offering flexibility in data availability through options like Celestia, EigenDA, and Avail. This architecture is tailored to meet the high-performance demands of modern decentralized applications, ensuring seamless execution, integration, and optimization of data availability across the entire blockchain ecosystem.