In the past week, a coin silently pulled more than twice from the bottom, and it seems that there is not much attention in the Chinese section, only the Nine God @ nineDeFi is shouting. This coin is SOON, a project that had a good return rate last year and experienced a "monster coin market". Unfortunately, most of my positions were sold out, leaving only a portion of my bottom position. After checking the news, the trigger for the current market trend of @ soon_svm should be the strategic investment in Phala TEE GPU cluster, which belongs to the privacy computing network and the token has recently risen significantly. As for why this cooperation is beneficial for SOON, I think we need to grasp two points: first, the content of the cooperation and what it will do specifically; second, how to empower SOON, whether it will bring new income, and whether there will be continuous repurchases. According to the official statement, the core of this collaboration is to combine two types of infrastructure capabilities: SOON provides dedicated SVM for agents, while Phala provides a private and verifiable execution environment. Together, they help agents have their own chains and private computers. There is actually a bigger narrative behind this, which is the increasing discussion in the AI community about RSI (Recursive Self Improvement) recently. Simply put, when an agent is able to continuously adjust its policies and improve itself based on its running results, its infrastructure requirements will also change: it is not just calling a few APIs, but requires an independent execution environment, computing power, privacy, and an on chain airspace that can be autonomously controlled. This is also an interesting aspect of SOON's recent actions: on one hand, they use Phala to supplement the privacy computing and computing power of the Agent's underlying layers, while on the other hand, they have started to develop applications that the Agent can truly use. For example, their recently launched 100xSON is essentially an Agent native trading product. Agents can directly connect through MCP and complete payments through x402, independently trading crypto, US stocks, and precious metals, and the entire system uses SOON as trading and payment assets. More importantly, 100xSOON will allocate 80% of its platform revenue towards repurchasing and destroying SOON. From this perspective, what SOON wants to do is actually starting to connect: the lower layer provides independent SVM and privacy computing environment for agents, the upper layer allows agents to directly trade, pay, and execute, and the economic activities generated by agents ultimately flow back to SOON through income and repurchase mechanisms. For SOON, Phala enables the penetration of SVM execution capabilities into more agents, not just the SOON ecosystem. Once an agent builds an SVM chain based on SOON and grows, it will continuously contribute to SOON. This is like ARB to RH. Recently, RH has continued to be popular, and the value created by the entire ecosystem continues to flow back to the parent chain ARB, directly leading to a threefold increase in ARB in recent times. The value behind this is self-evident. As for how Phala's newly added computing power business will ultimately empower SOON, the official has not yet announced the complete mechanism. Currently, it is clear that the revenue sharing of computing power and the linkage plan with the SOON ecosystem will be disclosed in the future. But from the mechanism already announced by 100xSON, the team's value capture strategy for SOON is actually quite clear: allowing agents to generate real usage and revenue, and then returning a portion of the economic value back to SOON. The direct use of 80% of platform revenue for buyback and destruction by 100xSON is a very intuitive example. However, whether the above flywheels can operate ultimately depends on the landing situation. The ideal outcome is for SOON to become a blockchain machine like ARB and OP, helping thousands of agents run their own SVM chains. If there were to be some explosive ecosystems, SOON holders would probably be able to wake up from their dreams. Finally, I recommend Yuki Teacher @ 0xYukiRabbit's interpretation of the above cooperation: https://(x.com)/0xYukiRabbit/status/2104414206946873749 Note: The above is only for personal position responsibility and does not constitute investment advice