In a pivotal development for the blockchain ecosystem, Solana is set to unveil the alpha mainnet of its SOON Virtual Machine today, January 3rd. This innovative solution, recognized as the most proficient Rollup stack utilizing Decoupled SVM (Solana Virtual Machine) technology, aims to overcome significant challenges related to scalability and exorbitant transaction fees that have plagued major networks, particularly Ethereum. By harnessing Rollup technology, SOON is poised to slash transaction costs while enhancing speed and efficiency.
SOON’s architecture is specifically designed to operate within the Ethereum ecosystem and extend its benefits across multiple blockchains, tapping into Ethereum’s robust network effects to foster a diverse user base. Key technical metrics include a remarkable block time of just 50 milliseconds and an impressive throughput that reached 30,000 TPS (Transactions Per Second) during testing. The system has also processed approximately 950,000 transactions within a single month, underscoring its exceptional capabilities in both scalability and operational efficiency.