Eclipse’s Layer 2 (L2) blockchain and Neon EVM’s developer-centric bridge formed a modern one cooperation implement changes in the blockchain landscape, increasing interoperability and scalability with the integration of Ethereum (ETH) and Solana (SOL).
Aiming to combine the capabilities of both blockchains, Eclipse has consolidated compatibility between the Ethereum Virtual Machine (EVM) and Solana’s virtual machine (SVM) by implementing 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 Ether.
This integration will be facilitated by Neon Stack, a standardized programming stack that enables intelligent contract developers to achieve compatibility with the Ethereum Virtual Machine on Solana Blockchain networks based on virtual machines. Eclipse plans to employ Neon Stack on its L2 SVM to facilitate this integration.
Neon Stack consists of Neon EVM and Neon Proxy intelligent contracts. It has been operating on the Solana mainnet since July 2023. It has deployed multiple Ethereum-native decentralized applications (dApps), including decentralized finance (DeFi), gaming, and decentralized exchanges (DEX), 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 collaboration, stating:
With Neon Stack, we are paving the way for high-performance, scalable dApps infrastructure that transcends the limitations of classic blockchain architectures and redefines computing performance. We are thrilled that Eclipse is the first industry partner to leverage Neon Stack.
On the other hand, Neel Somani, founder of Eclipse Labs, the company behind the development of Layer 2 blockchain, also emphasized the importance of partnership, saying:
Our partnership with Neon Stack enables developers to seamlessly deploy dApps EVM chains to Eclipse, further strengthening the harmonization between Solana and Ethereum. Solidity developers who want to build on high-performance L2 that leverages the strengths of SVM can finally do so.
Interestingly, there are over 13,000 of them in the Ethereum ecosystem dApps, with only a petite fraction, 0.4%, cross-linked with Solana. The collaboration between Neon EVM and Eclipse could also provide developers with further opportunities to create modern dApps thanks to the modern integration.
In summary, it is believed that developers will be able to create advanced dApps leveraging Ethereum and Solana features, along with their native ecosystems and virtual machines, using the NEON Stack and Eclipse design.
As of the current update, NEON EVM’s native token, NEON, is trading at $1.0135. It has shown a rebound of 2.6% in the last 24 hours, which coincides with the overall positive movement in the cryptocurrency market. However, over the last 7 days, the token price has dropped by almost 8%.
Featured image from Shutterstock, chart from TradingView.com
