The Current Challenges
Many existing rollups run in a single-threaded environment, causing network congestion, delays, and higher fees under high demand.
Additionally, the available Layer 2 solutions are limited, with the EVM ecosystem lacking high-quality decentralized applications (dApps) and skilled developers.
This has led to a fragmented and less efficient blockchain landscape, especially when compared to the Solana ecosystem.
Solution of SOON
SOON aims to address these issues by utilizing the Solana Virtual Machine (SVM) in its stack.
The SVM enables parallel transaction processing, which significantly increases throughput and reduces latency.
Unlike a simple fork of the SVM, SOON’s version is specifically designed for rollups, enhancing security and minimizing data availability wastage.
The Upcoming Mainnet
SOON is developing a general-purpose Layer 2 network based on Ethereum, which is expected to increase Ethereum’s transaction capacity from 5,000 to 600,000 transactions per second (TPS) after the integration of Firedancer.
The mainnet will also serve as an incentive layer to attract top-tier developers, particularly in the Asia-Pacific region.
Modular Architecture
SOON’s architecture leverages various components, such as OP Stack, SVM, and configurable Data Availability (DA) layers, to optimize security, performance, and cost-efficiency.
This modular approach allows SOON to adapt and scale effectively across different blockchain ecosystems.
Future Plans of SOON
SOON has ambitious plans to integrate Zero-Knowledge (ZK) proofs to speed up withdrawals and enhance interoperability between SOON chains. Additionally, the team aims to incorporate the upcoming Firedancer validator client, which is expected to further boost throughput.
The SOON Team
The SOON team is led by CEO Joanna Zeng and CTO Andrew Zhou, both of whom have extensive experience in the cryptocurrency industry. Zeng has a background in business development at companies like Coinbase and Optimism, while Zhou is a seasoned developer with expertise in Rust and Golang. SOON has also garnered support from notable industry figures, including Solana Foundation Chair Lily Liu and several co-founders from leading blockchain projects.
Mission and Vision
SOON’s mission is to overcome the limitations of existing Layer 2 solutions by providing a high-performance SVM rollup.
The team aims to foster a vibrant developer community by offering funding, research, and collaboration opportunities.
SOON Stack: A High-Performance SVM Rollup
SOON Stack is a modular rollup framework combining SVM and OP Stack, allowing SVM-based Layer 2 solutions to be deployed on any Layer 1 blockchain, including Ethereum, Bitcoin, and Cosmos.
SOON SVM serves as the execution layer, and the stack is designed to be open-source upon mainnet launch, enabling developers to deploy their own high-performance SVM chains.
Mainnet and Incentives
SOON’s mainnet will provide an incentive layer for SVM developers, helping to bridge the gap between existing Layer 2 solutions and the needs of high-performance dApps.
The modular architecture allows for flexible integration with various settlement and data availability layers, optimizing security and liquidity.
Roadmap and Future Innovations
SOON has laid out a comprehensive roadmap that includes interoperability between SOON chains, the adoption of ZK proofs, and the integration of the Firedancer validator client.
The team plans to enhance cross-chain messaging and reduce withdrawal periods through advanced cryptographic techniques.
Conclusion
SOON is poised to revolutionize the blockchain landscape by addressing the limitations of current Layer 2 solutions with its decoupled SVM framework.
By attracting top-tier developers and fostering a robust ecosystem, SOON aims to push the boundaries of what’s possible in decentralized finance, particularly in the Asia-Pacific region.
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