SOON Network: Extending SVM Beyond Solana | CryptoSeed
After the pump, has the real tool that can revitalize the Solana ecosystem been born?Author: Scof, ChainCatcher
Editor: TB, ChainCatcher
After the pump wave, the Solana ecosystem needs to build more valuable projects to retain users and continue to expand its ecological influence.
But how can we encourage more ecosystem users to utilize the fast and low-cost Solana chain?
SOON Network stands out as a rollup stack aimed at providing top-tier performance for all Layer 1s, tailored with an architecture to meet the high-performance demands of modern decentralized applications.
Project Introduction
SOON Network is the first protocol to utilize Decoupled SVM, dedicated to extending Solana's execution capabilities beyond its native ecosystem. SOON builds a high-performance Layer 2 solution through an SVM-based Rollup scheme, settling on mainstream Layer 1 networks like Ethereum, offering better scalability, lower transaction costs, and an efficient developer experience.
Decoupled SVM, Expanding Solana's Execution Capabilities
The blockchain industry has long faced challenges such as scalability, interoperability, and high transaction costs. Solana adopts a parallel execution architecture, achieving high throughput and low-cost transactions through SVM (Solana Virtual Machine). However, the relatively closed nature of the Solana ecosystem limits the application of SVM in a broader blockchain ecosystem.
SOON Network expands Solana's execution capabilities to L1 ecosystems like Ethereum through Decoupled SVM, achieving the following key optimizations:
- Enhanced Scalability: SVM employs parallel execution to increase throughput and reduce transaction costs, offering a stronger performance advantage compared to EVM (Ethereum Virtual Machine).
- Improved Interoperability: Through SOON Stack, SOON allows the deployment of SVM Rollup across different L1 ecosystems, enabling seamless inter-chain interaction via the InterSOON cross-chain messaging protocol.
- Optimized Developer Experience: SOON makes SVM an independently deployable execution layer, allowing developers to freely build dApps without being constrained by the Solana ecosystem.
Technical Architecture
SOON Network adopts a modular design, decoupling SVM to create an independent execution layer, thereby enhancing scalability, interoperability, and developer experience. Its core architecture includes three components: SOON Mainnet, SOON Stack, and InterSOON, collectively building a high-performance, multi-chain compatible SVM Rollup ecosystem.
- SOON Mainnet
SOON Mainnet is the first Decoupled SVM Rollup, settling on Ethereum and supporting seamless cross-chain bridging of ERC-20 and SPL assets. It provides high-performance SVM execution while inheriting Ethereum's security.
- SOON Stack
SOON Stack is a modular Rollup framework that allows developers to deploy SVM Rollup across different L1 ecosystems, supporting scenarios such as AI, DePIN, and DeFi.
- Multi-L1 Support: Ethereum serves as the settlement layer, integrating data availability solutions like EigenDA, Celestia, and Avail.
- Customized Rollup: Supports Rollup structures optimized for specific applications.
- High-Performance Execution: Decoupled SVM separates the execution layer from the consensus layer, improving efficiency.
- InterSOON
InterSOON is the cross-chain messaging protocol of the SOON ecosystem, providing efficient and secure cross-chain asset and smart contract interactions, avoiding liquidity fragmentation issues caused by traditional cross-chain bridges.
Compared to EVM, SVM has significant differences in architecture and performance:
- Execution Model: EVM uses single-threaded sequential execution, while SVM relies on the Sealevel engine for parallel execution, significantly increasing throughput.
- State Management: SVM employs an explicit state access model to avoid data conflicts and improve execution efficiency.
- Hardware Utilization: SVM fully utilizes modern multi-core processors through multithreading, whereas EVM is limited by its single-threaded architecture.
- Fee Mechanism: EVM uses a global fee market, which is easily affected by network congestion; SVM adopts a localized fee market, reducing gas fees and improving predictability.
Community Fundraising Mechanism
SOON adopts a community NFT minting model to optimize the early investor experience, ensuring fairness and decentralization.
- NFT-Bound Token Rights: Participants obtain tokens by minting NFTs instead of direct purchases, allowing NFTs to be traded and enhancing liquidity.
- Configurable Pricing and Lockup: Offers multi-tier pricing options, allowing users to choose between high-priced immediate liquidity or discounted long-term lockup, reducing selling pressure.
- Fair Access: No private placement rounds, all token distributions are transparent, ensuring fair participation for retail users and institutional investors.
Investment and Team Background
On January 22, 2025, SOON Network completed a $22 million financing round led by Hack VC, with participation from MH Ventures, SNZ Holding, ABCDE Capital, Anagram, and others. Additionally, notable investors Kuai Dong, Kartik Talwar, and Mable Jiang also participated.
According to information disclosed on the official website, the co-founder and CEO of the team is Joanna Zeng, who previously served as Vice President at Aleo and has worked at Coinbase, OP Labs, Citi, and BNP Paribas. Team members also include former Amazon Web Services developer Nazreen and Henry Spencer, co-founder and market director of zkHoldem.
This article only introduces early projects and does not constitute investment advice.
