Research Report | In-Depth Overview of SOON Network & $SOON Market Analysis

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远山洞见2025/05/14 03:36

By:远山洞见

1. Project Overview

SOON Network is a modular Rollup stack built on a decoupled Solana Virtual Machine (SVM) architecture, aiming to bring Solana-level performance to a multi-chain environment. Designed with a modular approach, it supports native settlement on major L1s including Ethereum, BNB Chain, and Base. The SOON mainnet is now live.

Research Report | In-Depth Overview of SOON Network & $SOON Market Analysis image 0

At its core, SOON separates the SVM execution layer from Solana's native consensus, enabling a high-performance, low-cost, and cross-chain-compatible execution environment. It serves as a foundational infrastructure layer for DeFi, AI, gaming, and other general-purpose use cases.

According to official sources, SOON currently delivers:

30,000+ TPS
50ms latency
Transaction costs under $0.01
Over 27.63 million transactions
$15.63M in TVL
1.4M+ active addresses

As the first SVM Rollup deployed across multiple chains, SOON’s performance metrics place it among the leaders in the Rollup category.

Architecture

SOON is composed of three core components:

SOON Mainnet
SOON Stack
InterSOON Cross-Chain Protocol

SOON Stack allows developers to deploy SVM Rollups in a modular fashion, with customizable settlement and data availability layers (supporting Celestia, EigenDA, Avail, etc.).

InterSOON facilitates secure asset and data messaging between Rollups and main chains, addressing liquidity fragmentation and cross-chain security bottlenecks.

Token Economics

SOON adopts a Fair Launch model—no VC privileges, no private rounds. 51% of tokens are reserved for the community and distributed via NFT minting and on-chain activity participation, emphasizing fairness and community ownership. This approach starkly contrasts with institution-driven projects like Sonic and Eclipse, positioning SOON as a retail- and developer-friendly alternative.

2. Key Highlights

1. Decoupled SVM Brings Solana-Grade Performance to Multiple Chains

SOON is the first Rollup protocol to modularize and deploy the SVM execution layer outside Solana. It enables high-performance environments on Ethereum, BNB Chain, and Base—unlocking multi-chain scalability with strong technical foresight and portability.

2. Modular Design with Flexible DA Layer Support

With SOON Stack, developers can choose their preferred settlement layer (e.g., Ethereum) and DA layer (e.g., Celestia, EigenDA, Avail) to optimize performance, security, and flexibility across diverse use cases.

3. Proven On-Chain Performance

As of now, SOON has:

Processed over 27.63 million transactions
Reached 1.4M+ active addresses
Accumulated $15.63M in TVL

With >30,000 TPS, <50ms latency, and <$0.01 fees, its performance surpasses most Layer 2s.

4. Fair and Decentralized Tokenomics

No pre-mining, no VC allocations. 51% of tokens are community-owned and distributed via on-chain participation and NFT minting. This reduces early sell pressure and centralization risks while fostering grassroots governance.

5. Strong Cross-Chain Interoperability

InterSOON enables secure asset and smart contract communication between chains, solving liquidity fragmentation and improving multi-chain operability. It lays a foundational framework for an interoperable Web3 infrastructure.

3. Market Valuation Outlook

$SOON serves as the native token of the SOON Network, representing not just governance and gas utility, but also the value of its generalized execution layer powered by a decoupled SVM and cross-chain Rollup architecture.

As the first SVM Rollup deployed across multiple chains, $SOON is well-positioned to capture execution-layer value across multiple L1s.

Benchmarking projects like Solayer, Sonic, and Sei Network have already set valuation anchors in the high-performance chain space. The following chart compares $SOON with these peers across metrics like narrative strength, on-chain activity, and user penetration, offering a potential valuation range post-TGE.

Research Report | In-Depth Overview of SOON Network & $SOON Market Analysis image 1

4. Tokenomics

Total Supply: 1,000,000,000 $SOON Inflation: 3% annually

Allocation Breakdown

Community: 51% (510M) Distributed through fair launch mechanisms, NFT-based participation, and on-chain activities.
Ecosystem Fund: 25% (250M) For developer incentives, integrations, partnerships, guild subsidies, grants, and core infrastructure deployment.
Team & Co-Builders: 10% (100M) Reserved for core contributors and early builders to ensure long-term alignment and execution.
Airdrop & Liquidity: 8% (80M) Used to incentivize early users, provide initial liquidity, and fuel community momentum.
Foundation / Treasury: 6% (60M) For long-term reserves, protocol upgrades, R&D, operations, and security.

Unlock Schedule

Community incentives: Released in phases via on-chain activities, NFT engagement, and contribution-based airdrops
Team / Advisors: 9-month cliff, 36-month linear vesting
Ecosystem / Foundation: 12-month cliff, gradual release tied to ecosystem milestones
Airdrop & Liquidity: Partially released at launch, remainder allocated based on market conditions and AMM setups

Token Utilities

Governance: Participate in governance decisions for SOON Mainnet and SOON Stack
Native Asset: Pay gas fees, deploy contracts, and bridge assets across chains
Ecosystem Incentives: Reward developers, infra providers, and content creators
Staking: Future implementation of "Fast Finality" mechanism with 3% APY for validators staking $SOON

5. Team & Fundraising

Team

SOON Network is led by Joanna Zeng, former executive at Aleo. The core team includes veterans from Coinbase, OP Labs, AWS, and Aleo, with deep expertise in blockchain infrastructure and cross-chain system design.

SOON was among the first to propose and deploy a decoupled SVM execution model, now running on Ethereum, BNB Chain, and Base with over 27.63 million transactions completed.

All key components—including execution, DA compatibility, and messaging protocols—are fully designed in-house, showcasing a vertically integrated product suite to drive SVM standardization across chains.

Notable Team Members

Jiwon Park – Former Global Content Director for MapleStory (SVP at Nexon), driving the IP’s Web3 expansion
Steve Chae (Heung Suk) – Nexon’s Web3 Strategy Lead, spearheaded Avalanche subnet integration and NXPC tokenomics

Fundraising

January 2025 Round: Raised $22M, led by Hack VC
Investors Include: SNZ Holding, MH Ventures, ABCDE Capital, Anagram, ArkStream Capital, GeekCartel, PAKA, IDG Capital
Notable Angels:
- Kartik Talwar (Co-founder, ETHGlobal)
- Mable Jiang (ex-Multicoin Partner)
- Jonathan King (ex-a16z)
- Alex Pruden (CEO, Aleo)
- Victor Ji (Co-founder, Manta Network)

6. Risk Factors

Sustainability of On-Chain Metrics Despite impressive TPS (30,000+), low latency (<50ms), and 27M+ transactions, current application depth remains limited. Some activity may be incentive-driven. If ecosystem development stalls, TVL and activity could see short-term volatility.
Competitive Pressure from Other Modular Chains With the rise of competitors like Eclipse (ZK + EVM) and Movement (MoveVM Rollup), the long-term defensibility of SVM modularization is debated. Without strong ecosystem stickiness or dev adoption, SOON may face narrative dilution in a crowded field.

7. Official Links

Website: https://soo.network/
Twitter: https://x.com/soon_svm
Discord: https://discord.com/invite/soon-svm

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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