SOON Long?
SOON is a Layer2 solution for the Solana ecosystem, simply put, it is like adding a Solana engine to Ethereum — taking Solana's virtual machine and installing it on Ethereum, claiming transaction speeds can reach 30,000 per second (5 times faster than other Layer2s), with a confirmation time of just 50 milliseconds.
The founder, Joanna Zeng, is a former executive of the privacy chain Aleo, with experience at Coinbase and Optimism, and the technical head AndrewZ participated in Solana's core development, with advisors including the founder of Solana.
It raised $22 million by selling NFTs, with 51% of tokens distributed to the community, claiming not to let institutions cut retail investors.
It can deploy Layer2 on BNB Chain, TON, and even Bitcoin with a single click, claiming to connect all chains. The testnet showed that USDC cross-chain transfer time was reduced from 8 minutes to 22 seconds, with fees cut by 95%, but this is just laboratory data.
The founder of Solana and core developers of Celestia are advisors, with top institutions like Hack VC investing.
In three months, the first batch of community tokens will be unlocked, with retail investor costs at 0.3; if the price exceeds 0.5, there may be a collective sell-off.
In terms of total market value, SOON's valuation is more than 8 times that of similar projects, but the actual locked funds are only $5 million.
Overall, there are some short-term expectations!
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