The Good Tech Companies - World’s First EVM Compatible L2 For Solana Set To Launch In 2024, Solana VM Raised Over $1,000,000

Episode Date: June 10, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/worlds-first-evm-compatible-l2-for-solana-set-to-launch-in-2024-solana-vm-raised-over-$1000000. The team has allocated 15% of the total token supply for the presale, making it a temporary opportunity for those interested in the Solana VM project.  Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #solana-vm, #chainwire, #press-release, #solana-vm-announcement, #solana-blockchain, #evm-compatibility, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Solana VM, the world's 1st EVM compatible L2 for Solana, has raised over $1M to lead the DeFi on Solana. The team has allocated 15% of the total token supply for the presale, making it a temporary opportunity for those interested in the Solana VM.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. World's first EVM-compatible L2 for Solana set to launch in 2024, Solana VM raised over $1 million, by Chainwire. London, UK, June 10, 2024, Chainwire, asterisk asterisk Solana VM. The world's first EVM-compatible L2 for Solana has raised over $1 million to lead the DeFi on Solana. Presale is offering users the chance to invest in $SVM, Solana's VM-native token, before the official token will be opened for public trading. Solana VM raised over $1 million to launch a world's first EVM-compatible L2 for Solana. The team has allocated 15% of the total token supply for the presale, making it a temporary opportunity for those interested in the

Solana VM project. Its aims to bridge the gap between Solana blockchain and Ethereum DAPPs. The TWIL allow $68 billion TVL worth of apps to build on Solana. $SVM presale is live. https colon slash slash solanam.zi slash question mark ref equals svm colon vbbthui According to their roadmap, the team plans to implement the following in Q3. Public launch. Token generation event. Listing on CEX and 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? Solana VM, the first EVM-compatible L2 for Solana, is the gateway to a fully compatible Ethereum environment on the Solana blockchain. Solana VM allows users to leverage the potential of Solidity and Viper-based DAPPs, taking advantage of Solana's network benefits. Solana VM acts as a bridge, allowing developers to seamlessly move their existing Ethereum applications to Solana. Competitive advantage, using Solity and viper 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 greater than kelly who is also the founder and CEO of the BKCM digital asset fund in CNBC

greater than episode, said, You've got to think about Solana as probably the next one. Greater than 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. It acts as a bridge, allowing developers to seamlessly move their existing Ethereum applications to Solana. This unlocks the 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. Lower fees. Solana's efficient design keeps transaction fees to a minimum, making DeFi applications more affordable for everyone. Solana VM additions beyond speed and cost-saving. 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 experiencing 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. Users can visit Solana VM website and join their Telegram

community to learn more. By leveraging the power of Solana, Solana VM has the potential to revolutionize the way we interact with apps in a decentralized world. Further updates can be tracked in their official Twitter. https://twitter.com/.Solanavnewsers can visit SolanaVM's website, solanum.zi for more information 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, Solana VM aims to create a more efficient, accessible, and innovative landscape for DeFi. Contact Mark Walsh Solana VM contact at solanam.zi.

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