Layer 2 (L2) blockchain Eclipse and developer-focused bridge Neon EVM have formed a new one cooperation to implement changes to the blockchain landscape, increasing interoperability and scalability with the integration of Ethereum (ETH) and Solana (SOL).
With the aim of combining the capabilities of both blockchains, Eclipse has increased compatibility between the Ethereum Virtual Machine (EVM) and the Solana virtual machine (SVM) by using Neon Stack.
Solana and Ethereum integration
The main purpose of this cooperation is to integrate Solana’s transaction processing capabilities, which can process thousands of transactions per second Ethereum.
This integration will be facilitated by Neon Stack, a standardized development stack that allows smart contract developers to achieve Ethereum Virtual Machine compatibility on Solana Virtual machine-based blockchain networks. Eclipse plans to use Neon Stack on its SVM L2 to facilitate this integration.
The Neon Stack consists of Neon EVM smart contracts and Neon Proxy. It has been live on the Solana mainnet since July 2023. It has deployed numerous Ethereum-native Solidity decentralized applications (dApps), including decentralized finance (DeFi), gaming, and decentralized exchanges (DEXs), on Solana from its existing codebase.
Neon EVM-Eclipse partnership for cross-chain development
Davide Menegaldo, Chief Commercial Officer (COO) of Neon EVM, expressed his enthusiasm for Neon Stack and the partnership, stating:
With Neon Stack, we are paving the way for powerful, scalable dApps infrastructure that transcends the limitations of traditional blockchain architectures and redefines computing efficiency. We’re excited to see Eclipse as the first industry partner to use the Neon Stack.
On the other hand, Neel Somani, founder of Eclipse Labs, the company behind the development of the Layer 2 blockchain, also emphasized the importance of the collaboration, saying:
Our partnership with Neon Stack enables developers to deploy their dApps seamlessly EVM chains to Eclipse, further strengthening the harmonization between Solana and Ethereum. Solidity developers who want to build on a high-performance L2 that leverages the strengths of the SVM can finally do so.”
Interestingly enough, the Ethereum ecosystem is home to over 13,000 dApps, with only a small fraction, 0.4%, crossed with Solana. This partnership between Neon EVM and Eclipse could also provide developers with further opportunities to build new dApps with the new integration.
In short, it is believed that developers can build advanced dApps that leverage the features of Ethereum and Solana, along with their respective native ecosystems and virtual machines, by leveraging the design of the NEON Stack and Eclipse.
As of the current update, NEON EVM’s native token, NEON, is trading at $1.0135. It has shown a recovery of 2.6% in the past 24 hours, in line with the overall positive movement in the cryptocurrency market. However, over the past 7 days, the token has witnessed a price decline, down almost 8%.
Featured image from Shutterstock, chart from TradingView.com
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