The New Landscape of the SVM Track: Innovation and Cross-Border Competition

In the past month, the SVM track has shown intense competition, with multiple projects continuously emerging, attracting market attention. Among them, a new project made a stunning debut with a fully diluted valuation (FDV) of $2 billion and quickly landed on a well-known trading platform, shocking the entire market. Another project adopted an innovative token distribution method, allocating 51% of the chips to the community and even requiring venture capital firms to participate by purchasing NFTs, a practice that has led many projects to follow suit. At the same time, there are projects that have sparked a wave of public participation, with their blue-chip asset prices soaring.

It is noteworthy that a leading re-staking protocol in the Solana ecosystem has also joined this highly competitive arena. According to its 2025 roadmap, the project plans to launch the SVM blockchain InfiniSVM, enhancing the performance and scalability of the Solana network through hardware acceleration and an infinitely scalable architecture. At the same time, they also plan to launch native yield assets such as sSOL and sUSD, allowing users to stake, re-stake, and consume through on-chain applications.

This cross-border project has a total locked value (TVL) of $380 million, giving it an advantage in terms of assets. In addition, it has received support from several top venture capital firms, and the market has high expectations for its token generation event (TGE).

For investors interested in participating, the upcoming community round public offering, in addition to staking SOL, is also an important opportunity. The rules of this public offering are relatively friendly to retail investors, with a fully diluted valuation of $350 million, and individual accounts can subscribe for amounts ranging from $100 to $2000, with 100% unlocking at TGE, which means the possibility of loss is relatively small.

It is important to note that the public offering will begin at 6 PM on January 13th, and participants must complete their KYC verification before this time. The target subscription amount for the public offering is 10.5 million USD, and if it reaches 21 million USD, the public offering will end early. Therefore, participants need to be well prepared.

Overall, the SVM track is likely to become one of the important narratives in the blockchain field in 2025. The several projects mentioned above are worth investors' in-depth attention. While it is still uncertain who the final winner will be, projects entering from other fields may bring unexpected competitiveness and become a dark horse in this track.