Although Solana's founders have made it clear that L2 is not needed, over time, Solana has gradually discovered that L2 may be an important direction for its development. The "unity" trait that the Solana community has always been proud of is that there will not be many L2s competing with each other like Ethereum, but some recent events show that this situation is changing. Last September, the founder of MakerDAO announced that it would develop application chains on Solana, and then projects such as PYTH also issued their chains on Solana. These chains are just forks of Solana's code and do not really expand Solana's capabilities. Even though Solana now has dual client support, the downtime problem is still unavoidable. L2 is seen as an effective way to expand Solana and enhance network effects, so Solana has to move in the direction of L2. The first atomic SVM chain SonicSVM has received $12 million in financing supported by Solana. The so-called atomic means that L2 can be quickly synchronized with the Solana mainnet, and developers can instantly obtain the mainnet status and data without repeatedly deploying contracts. For example, game developers can issue assets on the Solana mainnet, but run the game logic on Sonic L2, thereby enjoying the security of the mainnet and the high performance of L2.
Sonic's parent company is Join Mirror World, which has been working on the Web3 game development engine platform in the Solana ecosystem for three years. Sonic is based on Solana's game chain L2, and its functions are encapsulated as a stack for third-party use, realizing Solana's one-click chain launch function. Sonic occupies the "OP Stack" position in the Solana ecosystem, and popular games such as Lumiterra have chosen to build on Sonic. This cold start method allows Sonic to bring its own dry food instead of waiting for projects to come to the door.
Unlike PYTH and MakerDAO, which directly forked Solana code to build sidechains, Sonic is an L2 developed on Solana using the HyperGrid framework, and its final consensus is still completed by Solana, thereby expanding L2 on Solana. Through atomic means, assets and logic are deployed on the main network and L2 respectively, but can be linked to each other. If the Solana Foundation also pays attention to politics, then Sonic is very "politically correct" in this regard.
SVM is the environment for Solana network to process transactions and execute smart contracts. It has two significant differences from Ethereum's EVM: SVM is multi-threaded and can allocate independent Gas fees to each smart contract, while Ethereum's Gas fees are It is unified across the entire network. The high performance and low cost of SVM are enough to meet the needs of most project parties, but it is not enough for head projects. For projects with a large number of users and traffic, Gas revenue is a large source of profit. Therefore, they prefer to build their own chain to obtain this part of the income, rather than contributing to Solana, Ethereum or other public chains. The project party does not want to completely break away from the original ecology, so establishing L2 is a solution acceptable to both parties. Headline projects also require higher customization and TPS, and there is also a need to increase valuation through chain issuance. Currently, projects such as getCode, Grass, Zeta, and Sphere in the Solana ecosystem are building Solana's side chain or L2, so Solana has to accept the L2 trend. Sonic has made it its mission to extend Solana and also supports EVM.
The HyperGrid framework is developed using CosmosSDK and is similar in structure to OP's SuperChain. Each Grid is equivalent to a small semi-autonomous blockchain, where users interact with the grid, and the grid performs EVM/SVM, account data changes, transaction processing and other operations, which are finally packaged to the Solana main chain by HyperGrid's nodes.
In this financing announcement, Galaxy Digital, the largest banker of Solana, and BITKRAFT of Europe invested. At first glance, BITKRAFT may be unknown, but it is known as the most active game venture capital in the crypto circle, with a total asset management scale of more than 1 billion US dollars. The third game fund alone has reached 275 million US dollars, including YGG, IMX, etc. In addition, OKX, Big Brain, etc. also participated. Its core participants include Solana, and ecological projects Jupiter, Superteam, etc. The team is serious about work.
Currently Sonic has launched a series of Odyssey activities, please join the link:
https://odyssey.sonic.game/?join=aldGsy
Be sure to keep an eye on it.
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