Project Overview

Currently, most Ethereum Rollups use a single-threaded operating mode, which can easily lead to network congestion in high-demand scenarios, resulting in delays and increased transaction costs. Moreover, existing second-layer solutions are relatively limited, and the EVM ecosystem still lacks quality decentralized applications and developer resources.

SOON’s SAS (Super Adoption Stack) is designed as a comprehensive, interoperable toolset for creating a fully interoperable blockchain ecosystem. It combines three core components: SOON Mainnet, SOON Stack, and InterSOON, all working together to achieve the vision of universal connectivity.

Decoupled SVM is a core technological innovation of SOON. SOON Stack introduces the Solana Virtual Machine (SVM) to enable parallel transaction processing, significantly improving network throughput and reducing delays. SOON is not a simple branch of the traditional SVM but an innovative architecture designed for Rollups. This framework supports the seamless deployment of SVM Rollups on non-Solana ecosystems, aiming to enhance security while reducing data availability waste. The benefits of using decoupled SVM to build Rollups include high TPS, native anti-fraud integration, reduced DA costs, and potential performance improvements through horizontal/distributed execution.

At the same time, SOON addresses the SVM’s Merkelization issue by implementing Merkle Patricia Trie (MPT) and UniqueEntry within the SVM. Key features include state root validation, inclusion proofs, and stateless execution while also enhancing the security of cross-layer operations and native bridges.

Furthermore, SOON redefines blockchain scalability through horizontal scaling. This method increases system capacity by adding more nodes to share the workload, rather than simply improving the performance of a single node. This approach theoretically supports infinite growth, with each new node independently handling a portion of transactions. SOON enables horizontal scaling by utilizing TPU distribution, producer-consumer architecture, and SlMD83 optimization.

Application Scenarios

Currently, the application scenarios of Soon Network include decentralized finance (DeFi) transactions, NFT creation and trading, community governance, and efficient blockchain development tools.

DeFi projects within its ecosystem include:

Portal Finance: A lending protocol on SOON, supporting comprehensive lending features and meme asset lending.

Raptor: A liquidity infrastructure on Soon SVM, redefining decentralized finance with seamless pools.

Alita: A high-performance DEX on SOON, combining the advantages of DODO’s PMM and AMM to achieve excellent transaction efficiency.

Modular Architecture of SOON

SOON’s design adopts a modular architecture, integrating different components (such as OP Stack, SVM, and configurable DA layers) to enhance security while optimizing performance and cost-effectiveness.

Settlement Layer

SOON plans to start with an EVM-based foundation layer and will eventually support using any blockchain base layer as a settlement layer. In this way, SOON can leverage the economic security and liquidity of the base layer to provide a more robust settlement mechanism. Supported settlement layers include Ethereum, Bitcoin EVM, and Cosmos EVM.

Data Availability Layer

SOON will also allow configuration between multiple data availability (DA) layers, including Celestia, EigenDA, and Avail. Users can flexibly choose the most suitable DA layer based on their needs to improve the efficiency and security of data storage.

Derivative Layer

For Layer 2, SOON will implement a derivative layer based on the OP Stack specification. Through Anza’s new SVM API, SOON will decouple the Solana Virtual Machine (SVM) from the validator code and control the execution layer, enabling better support for different types of Rollups (such as ZK Rollups and Optimistic Rollups).

Execution Layer

SOON introduces a decoupled SVM framework, designed to decouple the transaction processing unit (TPU) to adapt to various Rollups. By removing the original consensus mechanism of Solana, the TPU will be controlled by Rollup nodes, enhancing the platform’s scalability and flexibility.

Proof and L1 Bridging

SOON will use the OP Stack as its fraud-proof mechanism and L1 bridging solution. The OP Stack allows decentralized fraud proofs, enabling any user to challenge the L2 state on L1. After the mainnet launch, SOON will also implement ZK-proof mechanisms to strengthen the system’s security and transparency further.

Team Background and Funding Status

Based on publicly available information, the core team members of SOO.Network include:

-Joanna Zeng: Co-founder and CEO. She has been active in the cryptocurrency industry since 2017 and has previously led business development and partnerships at Coinbase, Optimism, and Aleo.

-Andrew Zhou: Co-founder and CTO, widely recognized for his expertise in smart contract development and building Layer 1 solutions. He brings five years of experience in Rust and six years in Golang.

On August 27, 2024, Solana Optimistic Network (SOON) announced the completion of a new funding round. Investors include Lily Liu, Chair of the Solana Foundation; Anatoly Yakovenko, Co-founder of Solana Labs; Jonathan King, Head of Coinbase Ventures; Mustafa Al-Bassam, Co-founder of Celestia Labs; Robinson Burkey, Co-founder of Avail; and Robinson Burkey, Co-founder of the Wormhole Foundation. The total funding amount has not been disclosed.

Token Incentives

On January 3, 2025, the SVM network SOON published an announcement stating that the Alpha mainnet has officially launched and released $SOON token economics. The details are as follows:

• 51% allocated to the community
• No pre-mining, no pre-token distribution, no VC privileges
• Everyone will have an equal opportunity to participate

More specific details will be released next week.

Airdrop Rewards

How to participate in SOO.Network’s testnet and earn future airdrop opportunities? Here are the steps:

Step 1: Visit the official website and prepare the environment

1. Go to the SOO.Network official website

Open the SOO.Network website and find the dedicated testnet page. It will typically provide a participation guide and related resource links.

1. Prepare necessary tools

Ensure you have a wallet that supports the Ethereum network, such as MetaMask or another compatible wallet.

Step 2: Create an account and connect the wallet

1. Register an account

On the testnet page, create an account by filling in the required information and completing verification.

1. Connect the wallet

Click the “Connect Wallet” button on the page to bind your wallet to the testnet platform.

To ensure a smooth experience on the SOON testnet, you must prepare both an EVM wallet and an SVM wallet. This setup is crucial because it will help you efficiently interact with both ecosystems.

Before using SOON, you must set up the wallet and configure the RPC node. Currently, Phantom Wallet does not support setting up RPC nodes, so it cannot be used for this task. However, the system will automatically detect and skip it.

The official recommendation is to use the Backpack wallet, which supports the required setup. By preparing both an EVM and SVM wallet, you will be better equipped to handle upcoming transactions and interactions.

Step 3: Get Sepolia Testnet ETH

Visit the SOON Faucet to obtain Sepolia testnet ETH. The following conditions must be met:

• Connect your X (Twitter) account and post a related tweet
• Join the official Discord
• Your mainnet account balance must be ≥ 0.001 ETH

Step 4: Bridge Assets

Visit the SOON Testnet Bridge for deposit and withdrawal operations. The detailed steps include connecting EVM and SVM wallets, specifying the transfer amount, viewing transaction records, etc.

Deposit

1. Click the “Launch App” button.
2. Connect your EVM and SVM wallets (for setting up the SVM wallet, please refer to the tutorial above).

• Use the Sepolia testnet for operations, as the bridging process will not involve any real value transfer.
• Don’t have Sepolia testnet tokens? Visit the SOON Faucet to obtain test tokens.

After connecting your wallet, select the amount of ETH to transfer. Once the transfer is successful, you can check the transaction record through Etherscan or the SOON Testnet Explorer. After the deposit is successful, your ETH will be displayed as SOL, but you can withdraw it from ETH at any time.

Withdrawal

1. Connect your EVM and SVM wallets.
2. Ensure the network is switched to the Sepolia testnet.
3. Select the amount of SOL to withdraw, read, and agree to the pop-up content. The withdrawal process will take about 3 days.
4. Check the progress in the “History” section. Once complete, you can view transaction information on Etherscan and the SOON Testnet Explorer.

Step 5: Access SOON Testnet Explorer

Visit the SOON Testnet Explorer to view transaction, address, block information, network performance, and supply data.

Step 6: Stay Updated

1. Follow official announcements

Stay updated on SOO.Network through the following channels:

• Official Twitter or Discord community
• Official Telegram group or Medium blog

1. Confirm airdrop information

• After the testnet activities conclude, the official team will release details on airdrop eligibility and reward distribution.
• Keep following the updates to ensure you receive the rewards correctly in your wallet.

By following the above steps, users can successfully participate in the SOO.Network testnet and improve their chances of receiving future airdrops.

Comparison with Competitors

Ethereum:

As the most widely used smart contract platform, Ethereum offers powerful development tools and a large developer community. However, its high transaction fees and network congestion issues limit its adoption and scalability. SOO Network has a significant competitive advantage in low-cost transactions and efficient smart contract execution, making it attractive to developers and users looking for more efficient and cost-effective blockchain solutions.

Binance Smart Chain (BSC):

BSC offers higher transaction speeds and lower fees, but it is weaker in decentralization and ecosystem diversity. SOO Network, with its decentralized governance and modular stack, excels over BSC in transparency and flexibility.

Polkadot and Cosmos:

Both provide cross-chain capabilities and scalability, particularly excelling in enabling interoperability between different blockchains. SOO Network’s cross-chain technology gives it some competitive edge in data exchange and asset flow across multiple chains, but in terms of the maturity of cross-chain ecosystems and market share, Polkadot and Cosmos have more resources and developer support.

Challenges and Risks

• Technical Implementation and Security: Although SOO Network offers modular technology and cross-chain capabilities, its technical implementation and security need to be tested in real-world applications to determine whether it can compete with mainstream projects in the market. Blockchain security issues, such as smart contract vulnerabilities, remain a potential risk in developing the technology.
• Market Adoption: While the SOO Network provides advantages over existing platforms, market acceptance, and ecosystem development will take time. In particular, compared to competitors like Ethereum and Binance Smart Chain, which already have large developer communities and established ecosystems, SOO Network needs to gain sufficient recognition and support in the market.
• User Migration Issues: Many decentralized applications and projects have already established themselves on platforms like Ethereum and BSC. SOO Network must offer more innovation and incentives to encourage users and developers to migrate to its platform.

Future Plans

In the future,SOON plans to introduce ZK-proof technology to accelerate withdrawal speeds, achieve interoperability between SOON Chains, and integrate the upcoming Firedancer validator client to further improve transaction throughput and overall performance.

• Integration of Zero-Knowledge Proofs (ZK Proofs): Introduce ZK-proof technology to achieve faster withdrawal speeds.
• Achieving Interoperability Between Chains: Promote interoperability between different chains in SOO.Network to enhance the overall network utility.
• Integration of Firedancer Validator Client: Combine the upcoming Firedancer validator client to further increase network throughput and performance.

Conclusion

In conclusion, SOON aims to address developers’ infrastructure limitations by decoupling the SVM. Additionally, the “Builders” program will attract top-tier developers, particularly in the Asia-Pacific region.