SOON (SOON) rose 19.66% in 24 hours

Gate News Bot news, September 8, according to CoinMarketCap data, as of the time of this report, SOON (SOON) is currently priced at $0.34, with a rise of 19.66% in the last 24 hours, reaching a high of $0.34 and a low of $0.24. The current market capitalization is approximately $982,000, an increase of $161,000 compared to yesterday.

SOON is an efficient decoupled SVM stack aimed at extending Solana-level performance across various blockchains. The SOON mainnet is currently live on Ethereum, BNB Chain, and Base Chain. The project achieves seamless deployment of SVM Rollup in non-Solana ecosystems through a decoupled SVM framework, boasting high TPS, native fraud proof integration, and reduced DA costs. SOON also addresses the Merkleization issue of SVM and has successfully integrated the high-performance Solana client Firedancer developed by Jump Crypto, achieving a stable throughput of 80,000 TPS on the development network.

SOON Important news in the near future:

1️⃣ The mainnet has successfully launched and completed a $22 million NFT fundraising The SOON project has officially launched its mainnet and successfully raised $22 million through NFT sales. This significant milestone marks that the SOON technical solution has matured and gained market recognition, laying a solid foundation for the project's future development.

2️⃣ Community Airdrop Plan Announced Following the mainnet launch and successful fundraising, the SOON project announced a community token airdrop plan. This initiative is expected to enhance the project's visibility and participation within the crypto community, while also providing potential return opportunities for early supporters.

3️⃣ Technical advantages recognized by the industry SOON, as an extension solution of the Solana Virtual Machine (SVM) in non-Solana ecosystems such as Ethereum, has garnered significant attention in the industry for its technological innovation. The project claims to have achieved a stable throughput of 80,000 TPS on its development network, and if this performance metric can be validated on the mainnet, it will greatly enhance SOON's competitiveness in the Layer 2 scaling race.

From a technical perspective, the significant rise in SOON's price within 24 hours may be closely related to positive news such as the mainnet launch, successful fundraising, and airdrop plans. However, investors still need to closely monitor the project's subsequent technical implementation and ecological development progress to assess its long-term value.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.