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Blockchain developer Neon Labs has established a compatibility bridge between Ethereum and Solana, opening the door to more cross-chain development opportunities for Ethereum programmers.
The company announced on Tuesday that Neon’s Ethereum Virtual Machine (EVM) has been deployed on Solana through a testnet. EVN allows any decentralized application on Ethereum to access Solana’s high throughput and low gas cost. Essentially, Neon EVM allows anyone to run Ethereum contracts directly on the Solana blockchain.
Even in the testnet stage, Neon’s EVM will support decentralized applications such as Uniswap, SushiSwap, MakerDAO, and 0x. The mainnet is expected to be launched later this quarter.
“Ethereum is a thriving blockchain ecosystem that can provide dApp developers and users with a lot of things in terms of tools and infrastructure. At the same time, Solana is attractive to many people due to its technical characteristics and is Seen as an emerging market,” said Marina Gureyeva, director of Neon Labs. “Thanks to Neon EVM, dApp developers will be able to easily enter the Solana market and provide users with a great experience without any difference in the interface or the tools used.”
Solana CEO Anatoly Yakovenko said that subsequent Ethereum compatibility will make it easier for “EVN projects to take advantage of Solana’s low cost, super fast speed, and future-oriented scalability.”
Many developers and companies are Launch on the Solana blockchainAs reported by Cointelegraph, the Swiss-based Digital Assets AG recently Launch of tokenized stock offering on Solana, Allowing traders to obtain tokenized shares of leading blue chip stocks such as Facebook, Alphabet, Netflix and Tesla.
related: With the expansion of ecosystem support, Solana Labs raised $314 million through private token sales
Yakovenko believes that as blockchain innovation shifts to the application layer, Solana has the ability to attract 1 billion users in the next few years. At the same time, the agreement attracted high-value investors from the venture capital community, and companies such as Andreessen Horowitz, CoinShares, CMS Holdings, and Alameda Research all supported the project.
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