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$SOON, which is positioned as the most efficient rollup stack based on Decoupled SVM (Solana Virtual Machine) technology, will launch its Alpha mainnet today.
Features of Solana Virtual Machine ‘$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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