What exactly is $SOON, which was retweeted by the co-founders of CZ, Solana, and one of the founders of Base?

SOON is a high-performance Layer 2 solution that utilizes SVM parallel processing capabilities, aimed at solving the scalability, interoperability, and user experience issues of blockchain through modular design. It builds a decentralized narrative through fair launches and community governance, while breaking down single-ecosystem barriers with cross-chain technology. Other projects like Sonic focus more on vertical fields (gaming), while Eclipse and Solayer are limited to specific ecosystems (Ethereum or Solana), and their narrative and technological coverage are not as broad as that of SOON.

However, in reality, this is a type of project where the narrative outweighs the actual value; it is essentially a cross-chain Layer 1, which is a narrative favored by capital players, and it is actively building its own ecosystem, starting with the token sale platform simpfor.fun and a live streaming platform, with a current TVL of 14.85 million USD. It has raised 22 million USD.

For similar projects, the spot opening highest price of $LAYER was 1.5 USD, with an initial circulation of 210 million, and the highest market cap at the opening could reach around 200 million USD. Its highest coin price is around 3.39 USD, and the market cap at the highest price could reach around 700 million USD. Its TVL is 136 million USD.

For another similar project, the spot opening highest price of $S was 0.84 USD, with an initial circulation of 2.88 billion, thus the highest market cap at the opening was 2.419 billion USD. The historical highest price was 1 USD, so the market cap at that time was 2.88 billion USD. Its TVL is 1.442 billion USD.

At 4:30 PM today, the $SOON contract will be launched, with a total token supply of 1 billion, estimated circulating market cap of 18 million USD, and the estimated highest price may be around 0.8 USD.