SOON

SOON is a Layer 2 scaling network built on the Solana Virtual Machine, designed to let developers deploy high-performance rollups on top of multiple Layer 1 blockchains rather than being confined to one. Its stated purpose is to reduce the cost and complexity of reaching users across different chains, targeting application developers who want access to Solana's execution environment without being locked to Solana's own infrastructure. The project describes itself as a 'Super Adoption Stack' that connects chains including Solana and TON through a shared interoperability layer.

SOON uses a design the team calls Decoupled SVM, which separates the Solana Virtual Machine from any single underlying Layer 1 so that rollups can be launched across different base chains while still using SVM execution. The approach incorporates native fraud proofs and is intended to lower data-availability costs relative to standard rollup designs. The data stored here does not include a specified consensus algorithm or block time beyond the recorded figure of zero minutes, so a more detailed mechanical description of finality is not possible from available information.

The data stored here does not record a fee revenue stream for SOON, so fee-based measures such as earnings yield or protocol revenue are not available on this page. The protocol's total value locked stands at 21,947.46 USD at point-in-time, against a market capitalisation of 68,759,233 USD, producing a market-cap-to-TVL ratio of 3,251.4 and a fully diluted value-to-TVL ratio of 105,328.99, both of which reflect how little capital is currently locked relative to the token's aggregate valuation. Only 3.09 percent of the maximum supply is currently in circulation, and the dilution overhang stands at 3,139.5 percent, meaning the circulating supply could expand by roughly 32 times if all remaining tokens enter circulation.