Solana News Update: Sonami's Layer 2 Seeks to Restore Solana's User Base Amid Intensifying Competition
- Sonami ($SNMI) announced a continued token presale and launched Solana’s first Layer 2 token to address scalability issues. - The project aims to reduce congestion by bundling transactions, raising $2M at $0.0019 amid Solana’s 30% Q3 user decline. - 40% of 82.999B tokens allocated for development/listings; team includes Solana veterans and fintech experts. - Presale success reflects investor confidence in Solana’s growth amid Layer 2 competition from Ethereum-based rivals.
Sonami ($SNMI), a blockchain initiative dedicated to
This move establishes Sonami as a significant contender in the Layer 2 sector, with plans to enable token bridging to its Layer 2 network after the initial offering and to list on both centralized and decentralized exchanges. Of the total 82.999 billion $SNMI tokens, 40% are designated for development and exchange listings, while 25% will be used for staking rewards. The roadmap outlines further benefits for token holders, such as lower network delays and faster transactions, which aligns with the industry’s broader push to improve blockchain scalability, as referenced in a
Sonami’s Layer 2 platform utilizes Solana’s infrastructure to support high-speed decentralized applications, including instant gaming and small-scale payments. The team, made up of experienced Solana developers and fintech experts, prioritizes openness and protocol innovation. This development mirrors the wider adoption of Layer 2 solutions, such as Bitget’s recent use of Ethereum’s Morph Chain, as mentioned in
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