SOON Goes Live on Mainnet Today
Big news from SOON! The project is launching its Alpha Mainnet on January 3. With backing from heavyweights like Anatoly Yakovenko and Lily Liu from Solana, SOON is using Decoupled SVM to solve scalability issues and cut transaction costs.
On this page
SOON leverages Decoupled SVM (Solana Virtual Machine) technology, which segregates the execution layer from other network layers, ensuring optimal resource allocation and improved performance metrics.
During testing, SOON demonstrated exceptional capabilities: block creation times of 50 milliseconds and throughput reaching 30,000 transactions per second. The testnet recorded a total of 950,000 transactions within one month.
The update was announced by project ambassador @SpaceTraveler7X.
SOON will operate as a rollup stack on Ethereum, leveraging the network’s infrastructure to embed its native token across DeFi platforms, bridging services, and payment systems. This expands the operational capabilities and accessibility of these platforms.
Compatible with wallets such as Backpack, OKX Wallet, and Nightly App, and payment providers like CoindPay and GigenticAI, SOON ensures a broad usability scope.
The project’s funding came from angel investors, including co-founders of Solana, Celestia Labs, and Coinbase Ventures. This tailored funding model departs from traditional venture capital approaches, focusing entirely on technology development and implementation.
Key Partners and Investors in SOON. Source: Х
The platform incorporates support for major DeFi services, wallets, and cross-chain bridges, ensuring broad functionality within Ethereum’s ecosystem.
Comprehensive developer documentation is now live, offering a clear pathway for contributions via GitHub.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
