Solana TVL has Grown 10x in 6 Months. Now it has the Potential to Grow with the New Project – SolanaVM, First EVM Compatible L2

SolanaVM – The first L2 project on Solana, about to launch! They are pioneering a parallelized Layer 2 solution for Solana – Solana Virtual Machine, which builds the bridge to make Ethereum based dApps run on Solana!

The project SolanaVM has the potential to bring over $68B value worth protocols to build on Solana. This can play a huge role in coming bull run, as will significantly boost the whole Solana ecosystem and the activity of developers in Web3.

At the moment, the project, according to their Roadmap plans to:

• launch presale of $SVM
• Implement staking
• Key dApps testing
• Access for the early adopters

In Q3, the team shared its plans for:

• Listing on CEX & DEX
• Public launch
• Solana VM Grant Program

Keep your eyes for the upcoming launch of the $SVM token, which will fuel the Solana VM ecosystem and empower users to be a part of this groundbreaking innovation.

SolanaVM supports two types of ERC-20 token transactions:

• Standard ERC-20 Tokens: Includes both native SolanaVM tokens and bridged tokens from other EVM chains.
• ERC-20 Tokens for SPL: This innovation allows using Solana’s native SPL

Imagine EigenLayer, Uniswap, Lido on the Solana blockchain, soon it will become a reality thanks to SolanaVM!

What is SolanaVM ?

SolanaVM – the First EVM compatible L2 for Solana is, it’s your gateway to a fully compatible Ethereum environment on the Solana blockchain. SolanaVM 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.

This unlocks the immense potential of Solana’s architecture, which boasts:

Speed: Solana can handle thousands of transactions per second, compared to Ethereum’s current limit, which allows 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 SVM 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, Solana Virtual Machine 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.

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.