Written by: Luke, Mars Finance
introduction
On January 7, Solana virtual machine SOON announced on social platforms that COMMing SOON NFT attracted $200 million in subscriptions within just 16 hours of its launch, and the oversubscription of NFT minting was as high as 8 times.
As of press time, the subscription amount has reached 349 million. However, it is only in the pre-order stage, and no real money has been invested. However, this marketing seems to be very successful, and SOON's popularity has soared. Traditionally, token distribution often adopts the direct listing on exchanges or through the ICO model, but SOON's attempt is unique: through the NFT mechanism of layered rewards, the fairness and flexibility of token distribution are raised to a new level. Whether it is a player who is looking at short-term arbitrage or a community builder who is looking at long-term development, COMMing SOON NFT's reward design can find suitable options.
The minting rules are also quite innovative. Three NFTs with different prices and unlocking periods will allocate 51% of SOON tokens to the community to meet the diverse needs of users:
$900 NFT: 3,200 $SOON airdropped, unlocked linearly over three months;
$2,850 NFT: 12,800 $SOON airdropped, unlocked linearly after 12 months of lock-up;
$22,500 NFT: 250,000 $SOON airdropped, locked for 12 months and unlocked linearly over 36 months.
In a sense, this is not just a token distribution, but a new exploration of "how decentralized communities are formed". By attracting financial commitments and early community participation, SOON is gradually building an open and incentive-based ecosystem. What is more noteworthy is that behind this token distribution model, SOON's technical blueprint is obviously not limited to a minting activity, but to promote fundamental changes in the blockchain industry through innovative architecture.
So, what is behind this hot project? How does SOON stand out in the tide of modular blockchain? How do its three core products - SOON Mainnet, SOON Stack and InterSOON - realize the ambition of connecting all blockchains? Let's take a deep look at this feast of technology and innovation.
SOON's positioning: Ethereum's Layer2, an extension of Solana technology
SVM was first created as Solana's core virtual machine. Its high-performance parallel processing capabilities (Sealevel) and localized fee market solved the throughput bottleneck of traditional blockchains and quickly established a reputation among developers. However, the emergence of SOON not only redefined the boundaries of SVM, but also introduced it into a new field of modular blockchains.
But before understanding the SOON ecosystem, we must first answer a core question: Is SOON the Layer 2 of Ethereum or an extension of Solana? What is the relationship between the two?
SOON is an ecosystem built on SVM, and its main positioning is Ethereum's Layer2, but it is fundamentally different from traditional Layer2:
Technical foundation: SOON uses Solana's core virtual machine (SVM) as the execution layer, rather than Ethereum's EVM (Ethereum Virtual Machine). This means that SOON continues Solana's advantages in high-performance parallel processing in terms of technical architecture, but is not dependent on the Solana mainnet.
Settlement layer selection: SOON's mainnet uses Ethereum as the settlement layer, and all state changes are ultimately submitted to Ethereum for verification and storage.
Scalability: Through SOON Stack, SVM is extended to other mainstream L1s (such as Bitcoin and Cosmos) to achieve cross-chain deployment.
This makes SOON a unique technological bridge: it is based on Solana technology, but is not limited to Solana; it injects high-performance execution capabilities into the Ethereum ecosystem while providing modular expansion capabilities for other L1s.
SVM: A key engine to promote the development of decentralized ecology
The core advantages of SVM as a virtual machine are:
Parallel processing capability: Through the Sealevel architecture, SVM can process multiple transactions at the same time, significantly improving throughput, which is several times that of traditional EVM.
Efficient Fee Market: Solana’s localized fee market model solves the impact of a single application on network-wide fees, allowing users to use blockchain services at a lower cost.
SOON's innovation lies in decoupling SVM from a single public chain and transforming it into a modular virtual machine solution, enabling it to be seamlessly embedded in Ethereum and other mainstream blockchains.
Interpretation of SOON's three core products
After clarifying SOON's technical positioning and its relationship with Ethereum and Solana, we can have a deeper understanding of its three core products: SOON Mainnet, SOON Stack and InterSOON. Together, these three build SOON's ecological framework and provide modular and high-performance infrastructure for the multi-chain future.
1. SOON Mainnet: The efficient engine of Ethereum Layer2
SOON Mainnet is an Ethereum Layer2 container based on decoupled SVM, which greatly improves throughput and transaction efficiency through parallel processing and modular design.
Core features:
High throughput and low cost: By decoupling the parallel processing capabilities of SVM, SOON Mainnet can achieve a transaction throughput dozens of times higher than traditional EVM Rollup, while reducing the Gas fee for each transaction.
Optimized resource allocation: Supports on-demand expansion and further optimizes blockchain performance by reducing consensus layer redundancy.
ZK Proof Integration Plan: Zero-knowledge proof technology (ZK Proof) will be added in the future to shorten the exit time from L2 to L1.
Significance: The goal of SOON Mainnet is not only to provide a cost-effective Layer2 solution, but also to promote the popularization of SVM technology in the Ethereum ecosystem by attracting high-quality developers and users.
2. SOON Stack: The technology engine of modular blockchain
SOON Stack is SOON's core infrastructure stack, which is designed to allow developers to deploy SVM to any L1 public chain.
Technical features:
Universal compatibility: supports multiple mainstream public chains such as Ethereum, Bitcoin, Cosmos, etc.
Flexible configuration: Developers can choose different settlement layers (such as Ethereum, Bitcoin) and data availability (DA) layers (such as Celestia, Avail) according to their needs.
Decoupled SVM: By separating the execution layer of SVM from Solana’s consensus mechanism, transaction processing capacity is optimized and DA resource waste is reduced.
Core value: SOON Stack provides tools for rapid deployment and efficient operation of modular blockchains, which not only promotes the popularization of SVM, but also provides more flexible expansion capabilities for other public chains.
3. InterSOON: A cross-chain protocol connecting blockchains
In a modular ecosystem, cross-chain interoperability is a key issue, and InterSOON is the solution proposed by SOON.
Core features:
Message passing repeater: Combined with the design of the sequencer, it realizes cross-chain communication between the SOON mainnet and other SOON chains.
Multi-chain interoperability: supports asset and data transfer with non-SVM public chains (such as Solana, TON), eliminating the problem of ecological fragmentation.
Technical highlights:
Native interoperability: Each SOON chain is seamlessly connected via a centralized messaging program.
Security and efficiency go hand in hand: The modular architecture of SVM is used to ensure the security and speed of cross-chain operations.
Through InterSOON, the SOON ecosystem can not only achieve efficient interaction between chains, but also push multi-chain integration to a new level.
How does SOON's modular architecture work?
SOON's modular design closely integrates its three core products and achieves efficient collaboration through the following architecture:
Settlement layer: Ethereum serves as the settlement layer of the main network, ensuring the security and finality of transactions.
Data Availability Layer (DA Layer): Supports configurable DA layers such as Celestia and Avail to provide reliable data storage for transactions.
Execution layer: An efficient execution layer based on decoupled SVM to optimize transaction throughput and improve resource utilization.
Cross-chain communication layer: InterSOON provides technical support to achieve interconnection between chains inside and outside the ecosystem.
This architecture makes SOON's ecosystem both flexible and efficient, providing technical support and unlimited application scenarios for the development of modular blockchains.
Through the combination of SOON Mainnet, SOON Stack and InterSOON, the SOON ecosystem not only provides solutions for high-performance applications, but also drives the blockchain industry towards a multi-chain integrated future at the technical level.
SOON's three core products not only provide flexibility and interoperability for the modular blockchain ecosystem in terms of design, but also demonstrate significant innovation in technical implementation. Through unique architectural design and key technology optimization, SOON solves many pain points of traditional systems for high-performance blockchain, paving the way for the future development of decentralized applications.
1. Decoupling SVM: The key to breaking through performance bottlenecks
One of SOON's core technologies is the deep optimization of the Solana Virtual Machine (SVM), especially the decoupling of its execution layer from the original consensus layer.
Why decoupling?
In the native Solana architecture, SVM is tightly coupled with the consensus layer. While this design works well for a monolithic chain, it can lead to performance bottlenecks and resource waste in a modular environment. After decoupling, SVM can be separated from Solana's Tower BFT consensus layer while retaining its high-performance parallel processing capabilities to support expansion in a multi-chain environment.
Advantages of decoupling:
Greater flexibility: Supports flexible deployment in a Rollup environment.
Lower resource consumption: Optimize resource usage efficiency of the Data Availability Layer (DA Layer) by removing redundant voting transactions.
Stronger security: Fraud Proof integrated with L1 layer can verify the correctness of transaction execution and state transition at the same time.
The decoupled SVM design not only retains Solana’s technical advantages, but also opens up new possibilities for the application of SVM in modular blockchains.
2. SIMD83 Optimization: A New Level of Parallel Processing
The parallel processing capability of SVM is its core highlight, and SOON introduces the SIMD83 protocol on this basis to further improve the throughput and efficiency of the system.
SIMD83 core features:
Intelligent conflict handling: In high-concurrency transactions, transactions of conflicting accounts can be intelligently identified and isolated to optimize the overall processing flow.
Improved resource utilization: More efficient parallel processing is achieved by reducing the time overhead of processing conflicting transactions.
Actual effect:
Significantly reduce performance bottlenecks caused by transaction conflicts.
In the test environment, the system's basic throughput reaches 30,000 TPS and can be expanded linearly with the increase of nodes.
The integration of SIMD83 makes SOON an ideal platform for high-frequency interaction scenarios such as DeFi and GameFi, providing developers with more powerful technical tools.
3. Cross-chain communication and InterSOON’s technical implementation
Cross-chain interoperability is a key issue for modular blockchains. SOON provides an efficient solution through InterSOON:
Core Mechanics:
Message Passing Relay: Combined with the sequencer, it ensures efficient transmission and state synchronization of cross-chain messages.
Native interoperability: Enable the free flow of assets and data between the SOON mainnet, SOON chain, and other public chains (such as Solana and TON).
Technical highlights:
It eliminates the data island problem in the multi-chain ecosystem and provides users with a smoother inter-chain interaction experience.
Through modular design, it supports the development of complex application scenarios among multiple chains.
The launch of InterSOON not only brings unified technical standards to the SOON ecosystem, but also provides important infrastructure for the multi-chain interconnection of Web3.
4. Synergy of modular architecture
SOON’s modular architecture integrates the settlement layer, data availability layer, execution layer, and cross-chain communication layer to form a highly synergistic ecosystem:
Settlement Layer: Ethereum serves as the main network settlement layer, providing security for status submission.
Data Availability Layer (DA Layer): supports flexible configurations such as Celestia and Avail to optimize transaction storage efficiency.
Execution Layer: An efficient execution layer based on decoupled SVM, providing computing power for the multi-chain ecosystem.
Cross-chain Communication Layer: Technically supported by InterSOON to achieve seamless connection between chains.
This architecture not only supports the rapid expansion of the modular ecosystem, but also provides a unified technical experience for developers and users.
By decoupling SVM, introducing SIMD83 optimization, and innovating cross-chain protocols, SOON has not only reached new heights in performance, but also set a new benchmark in multi-chain interoperability. This dual advantage makes SOON an innovative leader in the field of modular blockchain, and its ecological potential is constantly expanding due to these technological breakthroughs.
Ecological applications on SOON
In the blockchain ecosystem, application diversity and user-friendliness are key factors in attracting developers and users. SOON not only achieves high performance and scalability through its technical architecture, but also provides users with a rich and diverse range of application scenarios, from DeFi to GameFi to decentralized prediction markets. SOON is shaping a vibrant ecosystem.
1. DeFi applications: diversified financial solutions
The DeFi ecosystem is undoubtedly one of the core directions of the SOON platform. The DeFi applications on SOON are not only diverse in number, but also have a wide range of functionality, covering multiple scenarios such as lending, trading, and staking.
Portal Finance: A user-oriented lending protocol that allows users to obtain liquidity at a low cost.
Raptor: An automated market maker (AMM) that provides users with a smooth trading experience while supporting complex liquidity pool design.
Alita: A native DEX (decentralized exchange) that supports multi-asset trading and provides users with efficient on-chain trading services.
Sponge: A staking platform where users can earn passive income by staking assets, suitable for long-term holders.
Two highlight projects:
EnzoFi: A cross-chain liquidity management center that integrates lending, bridging, staking and other functions. Its design is unique in its points system and extensive on-chain deployment (Solana, Sui, Eclipse, SOON and Movement), and currently has more than 163,000 followers on the X platform.
Blendy: Focuses on the currency market services of Meme coins and AI agent related assets. The innovation of this platform is that the collateral is all Meme coins, which is very suitable for the current hot spots. Although it is still in the testnet stage, its transaction volume has exceeded 150,000.
2. Innovative applications that users can directly experience
In addition to DeFi applications, the SOON platform also covers some innovative applications for end users. These applications span multiple fields such as payment, collaboration, and prediction markets, demonstrating the wide applicability of the SOON platform.
Aeronyx: Based on SOON's DePIN protocol (distributed IoT network), the computing resources of millions of devices are tokenized, opening up a new path for the popularization of distributed computing.
Gigentic: An on-chain platform that supports AI agent collaboration, building a bridge for human-AI interaction through smart contracts and decentralized mechanisms.
CoindPay: A multifunctional payment and DeFi application that supports cross-industry payment scenarios and provides users with efficient and convenient payment solutions.
Polyquest: A decentralized prediction market where users can participate in event prediction and explore blockchain-based prediction economic models.
3. Future potential of SOON application ecosystem
As more and more developers join, SOON's application ecosystem is expanding rapidly. This is not only reflected in the growth in the number of applications, but also in the improvement of functional depth and user experience.
Multi-chain expansion: Through the InterSOON protocol, these applications can achieve seamless operation between multiple chains, breaking the technical limitations of traditional public chains.
Incentive mechanism: By COMMing SOON NFT and token rewards, we will attract more high-quality project developers and promote the continued prosperity of the ecosystem.
Hotspot capture: From Meme coins to AI agents, to DePIN protocols, SOON always pays attention to industry hotspots and integrates the latest trends into the platform ecosystem.
SOON's ecological applications are not only rich and diverse, but also demonstrate far-reaching technical potential in many fields. Whether it is DeFi's financial infrastructure or innovative applications for ordinary users, SOON is using practical actions to prove its feasibility as a next-generation blockchain platform. In the future, SOON will not only be a technical platform, but will also become a link for multi-chain ecology and a driving force for the decentralized world.
Economic Model and Potential Market Value
On August 27, 24, SOON announced the completion of the Co-Builder round of financing. There is no specific financing amount, nor VC, but it is still a luxurious financing lineup: including Solana Labs co-founder Anatoly Yakovenko (toly), Solana Foundation Chairman Lily Liu, Celestia co-founder Mustafa Al-Bassam, Anza (Solana client Agave developer) Chief Security Officer CSO, AltLayer COO Amrit Kumar, Wormhole Foundation co-founder Robinson Burkey, Caldera co-founder Matt Katz, Coinbase Ventures head Jonathan King, Solayer co-founder Rachel Chu, etc. See the figure below for the specific list of investors.
Token Allocation:
The total number of SOON tokens is 1 billion, of which 51% is allocated to the community and gradually released through NFT casting and on-chain activity rewards. This token economic design avoids concentrated selling pressure and lays the foundation for ecological development by motivating the community and developers.
51% for ecosystem development: promoting project growth and innovation.
20% for initial liquidity destruction. : Funds will be used as liquidity addition and
19% for team expansion: growing the team and ensuring operational excellence.
10% for marketing: to increase awareness and drive adoption of the SOON ecosystem.
Competitive product comparison:
SOON's valuation potential can be divided into the following three tracks:
Modular Rollup Stack (SOON Stack): SOON Stack's modular design not only supports the expansion of multiple L1s, but also improves network security and performance by decoupling SVM. Its architectural innovation has injected new vitality into the entire Rollup track. Benchmarking Optimism (8.03B) and Arbitrum (7.59B).
SVM Ethereum L2 (SOON Mainnet): As the first Ethereum L2 based on decoupled SVM, SOON Mainnet's TPS is expected to reach 30,000 to 600,000, far exceeding the current mainstream EVM Rollup. The main competitor is Sonic SVM, which has just been launched and currently has a market value of US$320 million and FDV 2.2B.
InterSOON: InterSOON’s interoperability provides technical support for the coordinated development of SOON chains and other blockchains, and is expected to become a bridge for multi-chain ecology. Benchmarked against Cosmos (3.8B) and Polkadot (5.5B).
The three tiers of NFT pre-sale correspond to the market value (non-oversubscription)
$900 NFT: 3,200 $SOON airdropped, unlocked linearly over three months; corresponding FDV: $280 million
$2,850 NFT: 12,800 $SOON airdropped, unlocked linearly after 12 months of lock-up; corresponding FDV: $220 million
$22,500 NFT: 250,000 $SOON airdropped, locked for 12 months and unlocked linearly over 36 months. Corresponding FDV: $90 million
The first round of subscription for SOON NFT will officially begin on January 14. Under the premise of a bull market and no over-subscription, the prices of the three NFTs are relatively reasonable.
Conclusion: The future of SOON: a bridge connecting blockchains
As blockchain technology moves toward mainstream adoption, performance and scalability are always challenges that cannot be avoided. With the technical advantages of decoupling SVM, modular architecture design, and future-oriented multi-chain interoperability solutions, SOON not only redefines the development direction of L2, but also demonstrates the infinite possibilities of modular blockchains.
From the oversubscription of COMMing SOON NFT to the rich and diverse ecological applications, SOON is gradually becoming a bridge connecting different blockchains, opening up new innovation space for developers and users. With the full promotion of SOON Stack and InterSOON, a decentralized world with multi-chain integration and seamless interaction is taking shape.
To a certain extent, SOON can represent our common pursuit of high performance, low cost, and cross-chain interconnection. This vision is moving towards us step by step from conception to reality.
