Solana News Today: Sonami's Layer 2 Push Defies Solana's Volatile Market Outlook

Sonami ($SNMI) has announced significant developments in its presale campaign and ecosystem expansion, introducing a Solana Layer 2 token designed to alleviate network congestion and enhance transaction efficiency. The project, which has raised over $2 million in its presale phase, aims to address scalability challenges on the Solana network by bundling transactions to reduce latency and improve throughput, according to a Blockchain Magazine report.

The token is priced at $0.0019 per $SNMI, with a total supply of 82,999,999,999 tokens allocated across marketing, treasury, staking incentives, and development, according to a Cryptopolitan report.

Sonami's Layer 2 solution is tailored for high-frequency decentralized applications, including gaming and meme coin ecosystems, where real-time interactions and microtransactions are critical, Blockchain Magazine reported. By offloading transactions from the mainnet, the platform seeks to maintain Solana's high-speed capabilities while scaling to support growing demand. The project's roadmap outlines post-presale milestones, including token listing on decentralized and centralized exchanges, as well as expanded utility for holders, according to Cryptopolitan.

The announcement comes amid mixed signals in Solana's broader market performance. Poain BlockEnergy Inc. reported that Solana (SOL) has stabilized around $190.85, supported by a $86 billion market capitalization and rising institutional interest, in a Poain BlockEnergy Inc. report. Analysts attribute the resilience to network upgrades like HyperSync v3, which reduced gas fees by 22%, and macroeconomic factors such as easing U.S. inflation. That report also noted recent volatility, with SOL dipping below $170 in October before rebounding.

Conversely, an FXStreet article noted bearish indicators, including a 6% intraday loss for SOL as it tested the $174–$177 support zone. Derivatives data highlighted a decline in open interest and a shift toward short positions, suggesting heightened bearish sentiment among traders. That analysis warned a breakdown below $174 could push Solana toward the $153–$156 level, a 10% drop from current prices.

Sonami's expansion aligns with Solana's ongoing efforts to solidify its position as a high-performance blockchain. The project's focus on scalability mirrors Solana's ecosystem-wide push to accommodate enterprise-grade applications. With 2,500 active developers building on the network, the Layer 2 initiative could further enhance Solana's appeal to developers seeking to deploy scalable solutions without compromising speed.

The presale's success reflects growing investor confidence in Solana's infrastructure. Over 40% of tokens are reserved for development and exchange listings, ensuring liquidity and technical advancements, Blockchain Magazine reported. As the presale progresses, Sonami plans to bridge tokens to Layer 2 and outline utility enhancements for holders, positioning $SNMI as a key player in the next phase of Solana's growth.