Solana Optimistic Community (SOON), an Ethereum Layer 2 constructed on the Solana Digital Machine, has raised $5 million in strategic funding from distinguished backers together with Soar Crypto, Amber Group, and a spread of angel traders.
In accordance to a press launch shared with The Block, the increase is aimed toward fast-tracking SOON’s mission to democratize institutional-grade blockchain infrastructure and deliver skilled buying and selling capabilities to retail customers.
The spherical noticed participation from well-known figures throughout the blockchain ecosystem, together with Nana Murugesan of zkSync, Kamino Finance cofounder Mark Hull, Switchboard founder Chris Hermida, and Tori Cohen of Wormhole.
SOON intends to use the capital to speed up the rollout of high-performance chains and superior buying and selling instruments, whereas additionally scaling its copy-trading platform and pushing deeper into the real-world asset (RWA) sector.
By bridging Solana’s high-speed structure with Ethereum’s Layer 2 ecosystem, SOON goals to provide a novel hybrid infrastructure focusing on each institutional and retail markets.
