Solana Latest Updates: Sonami Advances Layer 2 Despite Solana’s Unstable Market Forecast

Sonami ($SNMI) has revealed major updates regarding its ecosystem growth, unveiling a

Layer 2 token aimed at easing network congestion and boosting transaction speed. The project seeks to tackle scalability issues on the Solana blockchain by aggregating transactions to cut down on delays and increase throughput, as reported by . Each token is available at $0.0019 per $SNMI, with a total supply of 82,999,999,999 tokens distributed among marketing, treasury, staking rewards, and development, according to a .

The Layer 2 solution from Sonami is specifically built for decentralized applications that require high transaction volumes, such as gaming and

coin platforms, where instant transactions and micro-payments are essential, Blockchain Magazine noted. By shifting transactions away from the mainnet, the platform aims to preserve Solana’s rapid processing while scaling to meet increasing usage.

This update comes as Solana’s broader market shows mixed trends. According to a report from Poain BlockEnergy Inc., Solana (SOL) has found stability near $190.85, backed by an $86 billion market cap and growing institutional participation. Analysts credit this stability to network improvements like HyperSync v3, which cut gas fees by 22%, as well as favorable macroeconomic shifts such as lower U.S. inflation. The report also pointed out recent price swings, with

dropping below $170 in October before recovering.

On the other hand, an

highlighted negative signals, mentioning a 6% daily loss for SOL as it approached the $174–$177 support range. Derivatives data showed a reduction in open interest and a move toward more short positions, indicating increased bearish outlook among traders. The analysis cautioned that a fall below $174 could drive Solana down to the $153–$156 range, representing a 10% decrease from current levels.

Sonami’s growth strategy is in step with Solana’s ongoing mission to reinforce its reputation as a high-performance blockchain. The emphasis on scalability reflects Solana’s broader initiative to support enterprise-level applications. With 2,500 developers actively contributing to the network, this Layer 2 project could make Solana even more attractive to those looking for scalable solutions without sacrificing speed.