There's another project listed on Binance Alpha @soon_svm

Can SOON really become the 'super chain' of the Solana ecosystem?

This is an interesting topic because everyone in the blockchain world is hoping to find a solution that is fast, cheap, and can support a large number of applications.

First, we need to understand that while Ethereum is very popular now, its virtual machine (EVM) is somewhat like an old ox pulling a broken cart—slow, costly, and not making good use of hardware resources. It's like trying to run the latest games on an old computer, which lags terribly and consumes a lot of power. Therefore, everyone is looking for ways to improve, and Layer 2 is a hot idea, simply put, adding another layer on top of the existing chain to make transactions faster and cheaper.

Solana is also a popular blockchain with its own execution layer SVM, but the problem is that SVM can only operate within Solana's own ecosystem, which is not flexible enough. At this point, SOON stepped in, claiming it can solve this problem. SOON's idea is to separate Solana's 'execution layer' and 'consensus layer', allowing SVM to run on other chains, turning it into a high-performance execution layer usable across multiple chains.

This sounds impressive, right? It’s like having a super-fast engine that could previously only fit in a specific car, now it can fit into various cars, making them all run fast. Theoretically, SOON can allow Solana applications to run on other chains and let applications from other chains enjoy SVM's high performance.

The ideal is full, but reality is stark. We need to see how SOON specifically operates and whether there are any issues.

🪼 Technical Architecture and Innovative Design:

The core idea of SOON is to separate execution and consensus, which is indeed an innovation. It uses some technical means, such as zero-knowledge proofs (ZK-Rollup), to ensure the security and reliability of transactions. Imagine you have a bunch of transactions; SOON can package them into a bundle and prove in a special way that everything inside the bundle is valid, without having to check each one individually.


This approach can theoretically improve efficiency and reduce costs. However, there are also some technical challenges. For example, zero-knowledge proofs are inherently complex and computationally intensive; optimizing them to be fast and energy-efficient is a challenge. Moreover, SOON needs to interact with other chains, which involves issues like data transmission and security that also need to be addressed.

🪼 Ecosystem Layout and Economic Model:

For SOON to succeed, it needs more than just technology; it also requires ecosystem support. It needs developers willing to create applications on it and users willing to use these applications. This necessitates SOON providing some incentives, such as subsidies for developers and airdrops for users.


Additionally, SOON's economic model is also very important. How it distributes tokens and charges fees will affect its long-term development. If the fees are too high, people won't want to use it; if they are too cheap, the SOON team won't be able to make a profit. This requires finding a balance.

🪼 Competitive Landscape and Risk Challenges:

SOON faces fierce market competition and multiple risks, including technical and regulatory challenges, making breakthroughs difficult.

SOON's idea is good; it attempts to address some pain points in the blockchain industry and proposes some innovative solutions. However, it is still in the early stages and has many uncertainties.

The success of SOON depends on technical strength, ecosystem development, team execution, and market environment. If it can overcome challenges, the prospects are promising; otherwise, it may be short-lived.

For SOON, we can keep an eye on it; it is a promising project, and we look forward to its future development.

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