SOON secures industry funding to build innovative rollup stack

Solana Optimistic Network, known as SOON, has raised a ‘co-constructor’ funding round with the backing of leading names in the blockchain space.

According to a press release shared with Crypto.news, the round, which focuses on contributions from industry developers rather than venture capital firms, aims to support the development of SOON’s flagship products, the SOON Stack and SOON Mainnet.

These notable names include Lily Liu from the Solana Foundation, Anatoly Yakovenko from Solana Labs, and Jonathan King from Coinbase Ventures.

SOON Stack is designed as a modular framework that integrates the Solana (SOL) Virtual Machine with various Layer 1 blockchains including Ethereum (ETH) and Cosmos (ATOM).

The total amount of funding was not disclosed.

Increased processing capacities

This structure enables the deployment of an SVM-based Layer 2 solution across different ecosystems, significantly increasing throughput while maintaining low fees.

The Mainnet, planned to be launched on Ethereum, is expected to increase the network’s transaction capacity to 650,000 transactions per second.

“With SOON, we aim to be the most efficient aggregation while reducing costs and improving performance by 100x in every ecosystem compared to the highest performing EVM; we complement this with a friendly culture towards blue chips other than Solana.”

Joanna Zeng, Co-Founder and CEO of SOON.

This funding will enable SOON to continue its mission of building a high-performance, scalable solution for decentralized applications across multiple blockchains.