**LONDON, UK, June 10th, 2024, Chainwire/--**Solana VM— the world's 1st EVM compatible L2 for Solana, has raised over $1M to lead the DeFi on Solana.
It’s aims to bridge the gap between Solana blockchain and Ethereum dApps, that will allow $68 billion TVL worth of apps to build on Solana.
$SVM
According to their Roadmap, the team plans to implement the following in Q3:
- Public Launch
- Token Generation Event
- Listing on CEX&DEX
- Implementing key EVM-compatible dApps in the Solana VM environment.
This multi-round presale offers $SVM at progressively increasing prices set by the team, with the token launch for public trading scheduled for Q3.
What is Solana VM?
SolanaVM acts as a bridge, allowing developers to seamlessly move their existing Ethereum applications to Solana.
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
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.”
- Speed: Solana Virtual Machine can handle thousands of transactions per second, compared to Ethereum's current limit, which allow instant transactions for DeFi users.
- Lower Fees: Solana's efficient design keeps transaction fees to a minimum, making DeFi applications more affordable for everyone.
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Effortless Migration: Developers can migrate their Ethereum applications to Solana with minimal code changes, thanks to Solana VM's compatibility features.
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Familiar interface: Users can continue using the tools and interfaces they're already comfortable with, while experiencing Solana's high-speed network.
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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.
Users can visit SolanaVM
By leveraging the power of Solana, SolanaVM has the potential to revolutionize the way we interact with apps in a decentralized world. Further updates can be tracked in their official Twitter:
Users can visit SolanaVM's website —
About
Contact
Mark Walsh
Solana VM
contact@solanavm.xyz
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