When SOL Layer2 meets VC coin SVM in three forms

Author: Rui Source: X, @YeruiZhang

With the decline of ETH Layer2, the new narrative this year is SOL Layer2. The general logic is to use Anza Lab's SVM standard to develop more extended functions to adapt to different users. There are currently three more representative projects:

The first project is Sonic, which focuses on the route of attracting users from outside the circle to the exchange, directly connected to the Korean exchange, with a maximum FDV of nearly 3B. The future perspective is to introduce more users from outside the circle and convert them into buying orders, similar to the logic of the Ton ecosystem.

The second project is Soon, which focuses on gameplay flow, a bit like Manta at the end of last year. They are all Layer2 concepts from different angles, and use activities such as NFT to create heat and price airdrops and pre-market tokens. There are two premises for this phenomenon. One is that the regulation is loosened + Echo is rising, so people dare to do ICO, which is an overstepping behavior. The other is that the market is not against VC coins, but against VC coin projects that cannot get cheap TGE chips. This derivative thinking is that future projects may reduce the proportion of airdrops, and adopt the method of direct fundraising + airdrops to KOL marketing tools such as Kaito. This trend of changes in the logic of TGE chips may make it more and more difficult for airdrop players.

The third is Solayer, which is a very interesting project. It has transformed from a revenue stream to a technical stream project. Originally, this project was a staking project for SOL revenue, and the focus was on generating revenue as a shovel for SOL. Binance Lab invested in it. However, in the case that the revenue projects were generally not expected, it chose to acquire Fuzzland and transformed into an orthodox technical project. Fuzzland is a tool that predicts whether a transaction will cause security problems through fuzzy verification. Now, after cooperating with Solayer, it uses fuzzy verification to pre-process transactions, and then uses hardware + sharding to achieve ultra-high TPS, which is stuck in the narrative of SOL technology-based ultra-fast chain. This is a combination of a project that is very good at making trouble and occupying core resources + a team that can develop steadily. It may also be one of the trends of VC coins in the future.

In summary, the three routes of external traffic / internal traffic + issuance method / core resources + popular technology transformation have become the three major trends of VC coins at present.