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the Solana Optimistic Network (SOON) has raised an undisclosed amount in a crowdfunding round that attracted contributions from key industry figures, according to a statement released on August 27 and shared with Cryptocell.
Prominent participants in the tour include Solana leaders Lily Liu and Anatoly Tully Yakovenko, Coinbase Project Manager Jonathan King, Celestia Co-founder of Mustafa Al-Bassam Labs. Other contributors include Amrit Kumar, co-founder of AltLayer, Prabal Banerjee, co-founder of Avail, and Robinson Burke, co-founder of Wormhole Foundation.
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The funding will primarily support the development of the SOON Stack, with the goal of creating the most efficient and highest-performance stack for layer 1 settlements, using the Solana Virtual Machine (SVM) as an execution layer.
The funds will support SOON’s core products, including SOON Stack and SOON Mainnet. SOON Stack is a modular framework that combines SVM and OP Stack to enable SVM Layer 2 deployments on Layer 1s such as Ethereum, Bitcoinand universe.
SOON Mainnet is a multi-purpose Layer 2 SVM solution based on the Ethereum blockchain, deployed using the SOON Stack. Once launched, SOON aims to increase Ethereum’s transaction capacity by 650,000 transactions per second (TPS) using SVM.
Additionally, SOON plans to integrate a data availability layer, enhancing interoperability with CelestiaDA, EigenDA, and Avail.
This funding is expected to help position SOON as the highest throughput blockchain with low fees, providing scalability and efficiency for decentralized applications (dApps) across all layer-1 blockchains.
SOON CEO Joanna Zheng said the platform will combine Solana’s powerful SVM engine with a layer-1 user base. She added that this approach will make SVM the standard for every layer-1 ecosystem, attracting developers.
Zing added:
“With SOON, we aim to be the most efficient company in aggregation, reducing costs and boosting performance by 100x across every ecosystem, compared to the highest performing EVM, while maintaining a culture that welcomes major non-Solana companies.”
