Solana
Eclipse and Neon EVM Drive Solana-Ethereum Integration for Blockchain Interoperability
The Eclipse layer 2 (L2) blockchain and the developer-oriented Neon EVM bridge have formed a new collaboration to implement changes in 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 consolidated compatibility between the Ethereum Virtual Machine (EVM) and the Solana virtual machine (SVM) by deploying Neon Stack.
Solana and Ethereum integration
The main objective of this collaboration is to integrate Solana’s transaction management capabilities, capable of processing thousands of transactions per second, into Ethereum.
This integration will be facilitated by Neon Stack, a standardized development stack that allows smart contract developers to achieve compatibility with the Ethereum Virtual Machine on Solana Blockchain networks based on virtual machines. Eclipse plans to leverage Neon Stack on its L2 SVM to facilitate this integration.
The Neon Stack consists of Neon EVM smart contracts and Neon Proxy. It has been live on Solana mainnet since July 2023. It has deployed many Ethereum-native Solidity decentralized applications (dApps), including decentralized finance (DeFi), gaming, and decentralized exchanges (DEX), on Solana from its existing code base.
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 collaboration, stating:
With Neon Stack, we are paving the way for a high-performance, scalable dApps infrastructure that transcends the limitations of traditional blockchain architectures and redefines IT efficiency. We are excited to see Eclipse as the first industry partner to use Neon Stack.
On the other hand, Neel Somani, founder of Eclipse Labs, the company behind the development of layer 2 blockchain, also highlighted the importance of the partnership by stating:
Our collaboration with Neon Stack allows developers to seamlessly deploy their dApps from EVM chains to Eclipse, furthering harmonization between Solana and Ethereum. Solidity developers who want to rely on a high-performance L2 exploiting the strengths of SVM can finally do so.
Interestingly, the Ethereum ecosystem hosts over 13,000 dApps, with only a small fraction, 0.4%, cross-chained with Solana. This collaboration between Neon EVM and Eclipse could also provide developers with new opportunities to create new dApps with the new integration.
In summary, it is believed that developers will be able to create advanced dApps that leverage the functionality of Ethereum and Solana, as well as their respective native ecosystems and virtual machines, leveraging the design of NEON Stack and Eclipse .
As of the current update, NEON EVM’s native token, NEON, is trading at $1.0135. It showed a 2.6% recovery in the last 24 hours, which corresponds to the overall positive movement of the cryptocurrency market. However, over the past 7 days, the token has seen a price decline, experiencing a drop of almost 8%.
Featured image from Shutterstock, chart from TradingView.com