The better SVM performs, the greater the influence of Solana.
Author: jiayili.eth
Behind every successful token launch, there often lies an important clue: the infrastructure needed by the market is being redefined!
From DeFi to blockchain games, and then to social applications, users' demand for "speed, low cost, and high experience" is becoming increasingly strong. In this process, the bottlenecks of traditional EVM are gradually becoming apparent, and it is precisely because of these limitations that the innovation of SVM becomes particularly important.
What is SVM? Its full name is Solana Virtual Machine, which is the execution environment for processing transactions, smart contracts, and programs on the Solana network, specifically designed to address certain scalability and user experience challenges.
Why is SVM important?
The traditional EVM (Ethereum Virtual Machine) performs well in terms of compatibility, but in high-frequency application scenarios such as games, DeFi, and social networks, performance often falls short. SVM, based on Solana's core performance, offers extremely fast transaction speeds and lower Gas fees. Moreover, SVM itself is also an extension of Solana's influence—the better SVM performs, the greater the influence of Solana.
Today, let's sort out the three giants of SVM, especially Soon and Solayer, which have not yet launched their tokens.
Please note that Jiayi's content is always subjective, and the projects I analyze are generally related to my investments. Alright, with the disclosure of interests complete, let's get to the main topic.
Soon — The Movement of SVM?
@soon_svm is positioned more like "the Movement within SVM," prioritizing community engagement in its development. A relatively unique aspect is that it completes financing through co-builder rounds and a community fair launch model.
If Movement brought Move to Ethereum, then Soon takes it a step further by bringing SVM to all L1s. It is quite different from the imagined "Solana Layer2" as it does not rely on the Solana mainnet but provides flexible scalability through the SOON Stack, allowing SVM to be deployed on other mainstream Layer1s.
This design allows any public chain ecosystem's L2 to enjoy the advantages of SVM, including faster transaction speeds and lower Gas fees.
Therefore, SOON and other SVMs face entirely different environments, which requires higher performance Rollups and technology stacks to assist.
The multi-chain phenomenon of EVM forces developers to reinvent the wheel (deploying a project across multiple chains), resulting in decreased product quality and user fatigue. SOON, by centralizing resources in a unified environment, significantly optimizes the developer experience.
Regarding fees, Ethereum's "global charging model" is really not user-friendly— a popular NFT auction can inflate the cost of your regular transactions. In contrast, SOON's localized fee market is quite clever: pay exactly what you need, without interference.
Most importantly, SVM supports parallel processing of transactions, unlike EVM, which requires processing one by one (like having only one cashier during peak shopping hours). The benefit of parallel processing is: multiple transactions can run simultaneously, remaining fast during high-demand periods, with lower fees.
Similarly, SOON's private placement round has attracted many well-known project co-founders (such as Solana, Celestia, etc.), while allocating 51% of the tokens to NFT purchasers and promptly responding to community feedback.
This aligns with Movement's philosophy: valuing the community and being willing to listen to its voice, ultimately driving the project's success together and enjoying the positive effects it brings.
SOON's development progress is the fastest among the three SVMs. SOON is not just the "king of competition"; its design actually addresses the "old problems" of both EVM and Solana. If you are a market operator, you might learn some strategies from its community-oriented and resource-centralized approach—achieving a win-win in user experience and efficiency is not a dream!
Solayer — I have TVL, and I also have efficiency
Solayer has become so popular that it overwhelmed the ICO platform yesterday.
I first heard about @solayer_labs over a year ago when EigenLayer was booming, and Solayer emerged, focusing on staking on Solana, becoming the EigenLayer of Solana, starting with the SOL staking ecosystem. Based on Solana's staking data and infrastructure, Solayer laid a solid initial foundation.
However, recent updates show that Solayer is no longer limited to staking but has begun to venture into the SVM technology track—what is its core competitiveness after entering the SVM technology field as a project that started with staking?
There is actually a key point: Solayer acquired the tech company FuzzLand and together created Solayer InfiniSVM. With the support of this tech company, Solayer has opened a new and grand narrative chapter.
Thus, Solayer has also launched its own SVM, aiming to be the first public chain to implement hardware-accelerated expansion solutions, ultimately achieving a truly high-speed public chain!
In the Solayer Chain, every transaction follows a set workflow. Transactions first enter a scalable entry cluster composed of hundreds of thousands to millions of nodes, which will clean and pre-execute transactions based on probabilistic predictions of future states.
Subsequently, all execution snapshots are sent to a sorter built with Intel Tofino switches and additional FPGAs. Notably, most transactions are confirmed as valid during the pre-execution phase, so there is no need for re-execution on the sorter.
Don't understand? No problem, here's a simple example to help you grasp it:
Imagine you are in an airport queue going through security, where everyone's luggage is scanned by machines (corresponding to the transaction cleaning and pre-execution phase). Most luggage is generally fine and can be released directly.
However, if the machine detects a suspicious issue with a piece of luggage (conflicting transaction), it will be sent to a higher-level inspection station for detailed checks (sorter and re-execution). This inspection station is equipped with top-notch detection equipment and professionals (Intel Tofino switches and FPGAs), ensuring that the luggage checks are both efficient and fair.
In this airport, simple luggage checks can process 16 billion items per second (simple transaction TPS); even problematic luggage can be processed at 890,000 items per second (conflicting transaction TPS).
In other words, the airport (Solayer's SVM) can simultaneously handle billions of passengers' routine luggage checks and millions of complex checks for problematic luggage in one second, ensuring efficiency while accommodating special cases.
Solayer has also gained recognition from Solana and major institutions, with two rounds of financing involving investments from Solana co-founder @aeyakovenko, as well as support from top institutions including @BinanceLabs and @polychain. Currently, Solayer has also launched its community sale, and those interested can check the specific details on the Buidlpad official website:
Sonic SVM
@SonicSVM** is the earliest project in the track to conduct TGE, officially launching its token on the 7th of this month. It is now listed on most mainstream exchanges except Binance, with a current market cap of about 250 million and a total market value of around 1.7 billion.**
Their focus is on gaming—Sonic SVM's innovative design primarily addresses the high concurrency and instantaneous transaction demands in gaming scenarios.
The entire technical framework of Sonic SVM is built on the HyperGrid framework, which is also Solana's first concurrent scaling framework, designed to achieve high customization and scalability while maintaining native composability with Solana.
HyperGrid allows developers to write applications in the EVM environment but ultimately executes on Solana, with the settlement layer still being Solana. This design makes it easier for developers to use familiar programming languages to write projects, reducing the time needed to understand a new public chain.
It is worth mentioning that Sonic SVM is the first Grid instance within the HyperGrid framework—doesn't it resemble the relationship between Virtuals and Luna?
Additionally, Sonic's Guardian Nodes system focuses on verifying on-chain user behavior, effectively preventing bot attacks and malicious actions, providing a safer interaction environment for gamers. The operation of the nodes also ensures the stability of network performance.
Another key highlight of Sonic is its TikTok Mini App—SonicX. Leveraging TikTok's vast user base, SonicX generates a wallet linked to the user's TikTok account through a simple login method, achieving seamless account abstraction. This design significantly lowers the entry barrier for Web3, allowing ordinary users to participate in various activities in blockchain games without needing to understand private keys and on-chain operations.
Just a side note, TikTok is currently facing policy risks in Europe and the US, with traffic significantly declining. So whether this new user acquisition channel can sustain itself is a challenge.
【Summary】
The three major projects in the SVM track each have their own characteristics:
@SonicSVM** focuses on gaming experiences through TikTok traffic and seamless on-chain interaction; @solayerlabs** concentrates on enhancing efficiency with higher performance, combining re-staking and liquidity optimization to expand its ecosystem; while @Soonsvm** aims to expand SVM across the entire blockchain world starting from the community, learning from the movement's approach.**
I would also like to hear everyone's opinions: which project do you think has the most potential? What are your reasons?
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