SOON (SOON) fell 2.72% in the last 24 hours.

Gate News Bot news, on October 17th, according to CoinMarketCap data, as of the time of writing, SOON (SOON) is currently priced at 0.81 dollars, with a 24-hour fall of 2.72%, hitting a high of 1.08 dollars and a low of 0.77 dollars, with a 24-hour volume of 110 million dollars. The current market capitalization is approximately 254 million dollars, which is a decrease of about 7.0866 million dollars compared to yesterday.

SOON is an efficient decoupled SVM technology stack designed to bring Solana-level performance to major blockchains. The SOON mainnet is now live on Ethereum, BNB Chain, and Base Chain. The project achieves seamless deployment of SVM Rollup in non-Solana ecosystems through an innovative decoupled SVM framework, offering advantages such as high TPS, native fraud proof integration, and reduced DA costs. SOON also addresses the Merkleization issue of SVM and successfully integrates the Firedancer high-performance client, achieving a stable throughput of 80,000 TPS on the development network.

SOON Recent Important News:

1️⃣ Price falls after reaching a historical high SOON reached a historical high of $1.0815 in the past 24 hours, followed by a pullback. Although the current price has retraced, SOON's 24-hour volume remains high at $110 million, indicating that the market still maintains a high level of interest in the project.

2️⃣ Market capitalization fluctuates significantly The market capitalization of SOON has experienced significant fluctuations in the short term. When the price reached an all-time high, its circulating market capitalization once surpassed $300 million, with a fully diluted valuation (FDV) close to $1 billion. However, the subsequent pullback has reduced the market capitalization to $254 million, reflecting the rapid changes in market sentiment.

3️⃣ Adjustment of perpetual contract trading rules The Aster platform under Gate adjusted the minimum tick size for the SOON token perpetual contract on October 12. This change will not affect existing orders, but it may impact the trading precision and liquidity of SOON, thereby affecting its price volatility characteristics.

From a technical perspective, SOON has exhibited significant price volatility over the past 24 hours, with a fluctuation range reaching $0.31. This high volatility reflects the market's uncertainty regarding the valuation of the SOON project, while also potentially providing opportunities for short-term traders.

From a fundamental analysis, SOON has officially completed its transformation into a full-stack infrastructure and derivatives DEX provider, and will focus on “High Performance as a Service” as its core strategy in the future, providing support for enterprises, institutions, and developers to build high-performance applications. This strategic transformation may be a key factor influencing the long-term value of SOON.

This message is not intended as investment advice, and investors should be aware of market volatility risks.