Soon (SOON), the native token of Solana Optimistic Network, has recorded a meteoric rise and leads the weekly market gains within the top 100 by market capitalization.
In the last 7 days, Immediately the price went from $0.70 to $2.11, a 200% increaseas seen in the following graph.
The reason explaining the excellent performance of the token is the following presentation. A social experiment with prediction markets and a payment protocol called x402. Right away.
On this platform, participants, whether humans or AI agents, use the x402 protocol to bet on USDC, a stablecoin issued by Circle.
Losing bets provide a liquidity pool to support the issuance of tokens. The platform’s goal is to “financialize” real-world events, such as government shutdowns, and create a speculative market that generates tokens.
This approach not only provides fundamental value through a winner-takes-all mechanism; You can also tokenize everything from games to political topics.
Currently, users can place their USDC in “When will the U.S. government reopen?” bet. Winners receive SHUTDOWN tokens and losers’ funds are added to the liquidity pool. Furthermore, 75% of the fees generated will be used to buy back SOON tokens.
SOON’s wonderful performance This reflects the growing interest in prediction markets, a form popularized by Polymarket.As reported by CriptoNoticias, it is a decentralized cryptocurrency gambling platform.
