Solana Optimistic Network (SOON), an Ethereum Layer 2 built on the Solana Virtual Machine, has raised $5 million in strategic funding from prominent backers including Jump Crypto, Amber Group, and a range of angel investors.
According to a press release shared with The Block, the raise is aimed at fast-tracking SOON’s mission to democratize institutional-grade blockchain infrastructure and bring professional trading capabilities to retail users.
The round saw participation from well-known figures across the blockchain ecosystem, including 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 accelerate the rollout of high-performance chains and advanced trading tools, while also scaling its copy-trading platform and pushing deeper into the real-world asset (RWA) sector.
By bridging Solana’s high-speed architecture with Ethereum’s Layer 2 ecosystem, SOON aims to offer a unique hybrid infrastructure targeting both institutional and retail markets.
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Source: https://coindoo.com/solana-based-layer-2-blockchain-raises-5m-to-expand-pro-trading-tools-and-rwa-push/