Layer 2 blockchain Eclipse and developer-oriented bridge Neon EVM have joined forces to revolutionize the blockchain landscape by enhancing interoperability and scalability through the integration of Ethereum (ETH) and Solana (SOL).
This collaboration aims to harness the strengths of both blockchains by aligning the Ethereum Virtual Machine (EVM) with the Solana Virtual Machine (SVM) through the deployment of Neon Stack.
The key objective of this partnership is to incorporate Solana’s high-speed transaction processing capabilities into Ethereum. Neon Stack, a standardized development stack, will enable smart contract developers to achieve EVM compatibility on Solana’s SVM-based blockchain networks. Eclipse plans to leverage Neon Stack on its SVM L2 to facilitate this integration.
Neon Stack comprises Neon EVM smart contracts and Neon Proxy, which have been operational on the Solana mainnet since July 2023. It has successfully migrated numerous Ethereum-native decentralized applications (dApps), such as decentralized finance (DeFi), gaming, and decentralized exchanges (DEXs), to Solana from its existing codebase.
The collaboration between Neon EVM and Eclipse opens up opportunities for developers to build advanced dApps that leverage the features of both Ethereum and Solana, along with their respective ecosystems and virtual machines.
As of the latest update, the native token of NEON EVM, NEON, is trading at $1.0135. It has seen a 2.6% recovery in the past 24 hours amidst positive movement in the cryptocurrency market. However, over the past 7 days, the token has experienced a price decline of nearly 8%.
In conclusion, this strategic partnership between Neon EVM and Eclipse paves the way for cross-chain development, offering developers the tools to harness the potential of Ethereum and Solana for building innovative decentralized applications.