SOON

SOON is a Layer 2 scaling token associated with the SOON stack, a rollup framework that aims to bring high-performance execution to multiple base-layer blockchains simultaneously. The project targets developers who want to deploy applications across different Layer 1 networks without rebuilding from scratch each time. It claims to address fragmented user bases and high deployment costs by letting teams spin up rollups on various chains from a single, shared stack.

The SOON stack uses a Decoupled Solana Virtual Machine, meaning the SVM execution environment is separated from any single underlying blockchain so it can settle on different Layer 1s including those in the BNB Chain, Base, and Hyperliquid ecosystems. The project describes native fraud proofs and reduced data-availability costs as part of its rollup design, and it includes a bridge connecting Solana and TON. The data stored here does not include a consensus algorithm or block time, so the precise validation mechanism cannot be described further.

No fee stream is recorded in the data for SOON, which means the site cannot report where protocol revenue originates, who pays it, or who receives it. What the data does show is a market-cap-to-TVL ratio of 48,739.36 and an FDV-to-TVL ratio of 1,579,488.13 at this point in time, both of which reflect a very small amount of value locked, recorded at 2,154.09 USD, relative to the token's market valuation. The circulating supply represents only about 3.09 percent of what appears to be a much larger total supply, with a dilution overhang of 3,140.68 percent, meaning the tokens not yet in circulation dwarf those currently trading.