Sun, Avail join hands to release 'svmBNB'···Combining Solana speed and Binance liquidity

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Sohn, Partnering with Avail, Unveils 'svmBNB'... Combining Solana Speed and Binance Liquidity
On the 23rd, Solana-based Layer 2 project SOON announced that it has partnered with modular blockchain solution company Avail to launch the next-generation hybrid chain 'svmBNB'.

svmBNB is a modular blockchain based on the high-performance parallel processing technology of the Solana Virtual Machine (SVM), combining BNB Chain's transaction settlement system and Avail's Data Availability (DA) solution. This enables up to 100,000 TPS (transactions per second) and a 50ms block generation time.

Immediately after its launch, major projects such as CobaltX, Portal Finance, and OKX Wallet have participated, attracting high interest. In particular, despite being in its early stages, it has recorded over 35 million transactions and 2.98 million active addresses, drawing market attention.

A SOON representative stated, "svmBNB is optimized for high-performance applications such as gaming, AI, and high-frequency trading" and added, "We plan to support native interoperability with major blockchains like Optimism, Avalanche, and Base in the future".

SOON plans to continue expanding the Solana ecosystem by building customized chains for various industries such as AI, trading, and gaming.

Choi Joo-hoon joohoon@blockstreet.co.kr

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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