Jul 11, 2024 (News On Japan) - In 2024, the Solana sector reached its peak. We are talking about the World's First EVM compatible Layer2 for Solana, which is a leader in the Solana ecosystem - Solana VM ($SVM).
Solana VM raised over $2 million in a limited presale. According to the team, the pre-sale is still available to the public before the official launch in Q3. The project has allocated 15% of the total tokens for the presale, so everyone still has a chance to invest in $SVM.
Solana VM makes it possible for all stakeholders who have invested heavily in the Solana ecosystem to no longer have to switch to Ethereum to access SolanaVM.
But it's not just about accessibility — Solana VM also has tangible financial benefits.
Competitive Advantage:
- Using Solidity and Vyper languages on—Ethereum, Binance Smart Chain, Solana VM
- Low transaction Fee
- TPS: Ethereum–100, Solana – 1500, Binance Smart Chain – 1600, Solana VM – Up to 5000
The team also plans the following in Q3, according to the roadmap:
- Public Launch
- Token Generation Event
- Listing on Exchanges
- Implementing key EVM-compatible dApps in the Solana VM environment.
More information about the next planned actions can be found directly on the website: https://solanavm.xyz/#roadmap
What is Solana VM?
Solana VM – the First EVM compatible L2 for Solana is, it's your gateway to a fully compatible Ethereum environment on the Solana blockchain. Solana VM lets you take advantage of the potential of Solidity- and Vyper-based dApps to use the advantages of Solana's network.
SolanaVM acts as a bridge, allowing developers to seamlessly move their existing Ethereum applications to Solana.
Kelly, who is also the founder and CEO of the BKCM Digital Asset Fund in CNBC episode, said:
"You've got to think about Solana as probably the next one. Bitcoin, Ethereum and Solana are probably the big three for this cycle."
Solana VM focuses specifically on bridging the gap between Ethereum, the current leader in DeFi, and Solana, a high-speed blockchain network.
SolanaVM acts as a bridge, allowing developers to seamlessly move their existing Ethereum applications to Solana. This unlocks the immense potential of Solana's architecture, which boasts:
Speed: Solana Virtual Machine can handle thousands of transactions per second, compared to Ethereum's current limit, which allow instant transactions for DeFi users.
Significantly Lower Fees: Solana's efficient design keeps transaction fees to a minimum, making DeFi applications more affordable for everyone.
SolanaVM isn't just about speed and cost savings. It's a win-win situation for both developers and users:
Effortless Migration: Developers can migrate their Ethereum applications to Solana with minimal code changes, thanks to Solana VM's compatibility features.
Familiar interface: Users can continue using the tools and interfaces they're already comfortable with, while enjoying the benefits of Solana's high-speed network.
A More Inclusive DeFi Ecosystem: By removing the barriers of slow speeds and high fees, SVM opens the door for wider adoption and innovation within DeFi.
Visit their website and join their Telegram Community to learn more and become part of this revolutionary movement.
SolanaVM is more than just a bridge – it's a leap forward in DeFi technology. By leveraging the power of Solana, it has the potential to revolutionize the way we interact with apps in a decentralized world. Further updates can be tracked in their official Twitter.
Ready to join the DeFi revolution? Visit SolanaVM's website — solanavm.xyz and be part of the future!
About
SolanaVM is a groundbreaking project founded by a team of dedicated developers passionate about the future of DeFi. Their vision is to bridge the gap between the established ecosystem of Ethereum and the power of Solana. By achieving this, SolanaVM aims to create a more efficient, accessible, and innovative landscape for DeFi.
