Solana-based SOON backed by top industry influencers aims for 650k TPS on Ethereum

The Solana Optimistic Network (SOON) has raised an undisclosed magnitude successful a co-builder backing circular that drew contributions from cardinal manufacture figures, according to an Aug. 27 connection shared with CryptoSlate.

Notable participants successful the circular see Solana leaders Lily Liu and Anatoly’ Toly’ Yakovenko, Coinbase Ventures’ Principal Jonathan King, and Celestia Labs co-founder Mustafa Al-Bassam. Other contributors are Amrit Kumar, co-founder of AltLayer, Prabal Banerjee, co-founder of Avail, and Robinson Burkey, co-founder of Wormhole Foundation.

SOON

The backing volition chiefly beforehand the improvement of SOON Stack, aiming to make the astir businesslike and high-performance rollup for Layer 1 settlements, which utilizes the Solana Virtual Machine (SVM) arsenic the execution layer.

The funds volition enactment SOON’s flagship products, including SOON Stack and SOON Mainnet. SOON Stack is simply a modular model that combines SVM and OP Stack to alteration the deployment of SVM Layer 2 connected Layer 1s similar Ethereum, Bitcoin, and Cosmos.

SOON Mainnet is simply a general-purpose SVM Layer 2 solution that settles connected the Ethereum blockchain, deployed utilizing SOON Stack. Once launched, SOON aims to summation Ethereum’s transaction capableness by 650,000 transactions per 2nd (TPS) utilizing the SVM.

Additionally, SOON plans to integrate a information availability layer, enhancing interoperability with CelestiaDA, EigenDA, and Avail.

This backing is expected to presumption SOON arsenic the highest throughput rollup stack with debased fees, offering scalability and ratio for decentralized applications (dApps) crossed each Layer 1 blockchains.

SOON’s CEO Joanna Zeng stated that the level volition harvester Solana’s almighty SVM motor with Layer 1 idiosyncratic bases. She added that this attack could found SVM arsenic the modular for each Layer 1 ecosystem, attracting developers.

Zeng added:

“With SOON, we purpose to beryllium the astir businesslike rollup, reducing costs and boosting show by 100 times successful each ecosystem, compared to the highest-performing EVM, portion maintaining a civilization that welcomes non-Solana bluish chips.”

The station Solana-based SOON backed by apical manufacture influencers aims for 650k TPS connected Ethereum appeared archetypal connected CryptoSlate.