The SOON project is quite interesting, and its market capitalization has reached 600 million US dollars.

What they are doing is actually building a set of infrastructure to enable SVM Layer 2 to be deployed on any blockchain. The underlying technology uses the Solana virtual machine architecture, and the biggest highlight is the support for parallel transaction processing—this is considered a rather hardcore technical route in scalability solutions.

From a positioning standpoint, if the ecosystem takes off, it is likely to become one of the key options for the next generation of scaling solutions. After all, various chains are currently looking for more efficient layer two solutions, and the performance of SVM has always been good. It is worth continuously monitoring the subsequent development of this sector.