Eclipse And Neon EVM Drive Solana-Ethereum Integration For Blockchain Interoperability

Layer 2 (L2) blockchain Eclipse and developer-oriented bridge Neon EVM have forged a collaboration to drive transformative changes in the blockchain landscape, enhancing interoperability and scalability through the integration of Ethereum (ETH) and Solana (SOL). 

Aiming to synergize the capabilities of both blockchains, Eclipse has bridged the compatibility gap between the Ethereum Virtual Machine (EVM) and the Solana Virtual Machine (SVM) by deploying Neon Stack.

Solana And Ethereum Integration 

This collaboration primarily aims to incorporate Solana's high-throughput transaction handling capabilities, capable of processing thousands of transactions per second, into Ethereum. 

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This integration will be facilitated by Neon Stack, a standardized development framework that empowers smart contract developers to achieve Ethereum Virtual Machine compatibility on Solana Virtual Machine-based blockchain networks. Eclipse intends to leverage Neon Stack on its SVM L2 to facilitate this integration.

The Neon Stack comprises Neon EVM smart contracts and Neon Proxy. It has been operational on the Solana mainnet since July 2023. It has successfully deployed numerous Ethereum-native Solidity decentralized applications (dApps), spanning 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 collaboration, stating: 

"With Neon Stack, we are pioneering high-performance, scalable dApps infrastructure that transcends the limitations of traditional blockchain architectures and redefines computational efficiency. We are delighted to see Eclipse as the inaugural industry partner to harness the power of Neon Stack."

Neel Somani, founder of Eclipse Labs, the company behind the development of the Layer 2 blockchain, also underscored the significance of the partnership, saying:

"Our collaboration with Neon Stack empowers developers to seamlessly deploy their dApps from EVM chains to Eclipse, further solidifying the synergy between Solana and Ethereum. Solidity developers aspiring to build on a high-performance L2 that leverages the strengths of the SVM can finally realize their aspirations."

Interestingly, the Ethereum ecosystem boasts over 13,000 dApps, with only a minuscule fraction, 0.4%, cross-chained with Solana. This collaboration between Neon EVM and Eclipse could unlock new avenues for developers to create innovative dApps with the enhanced integration. 

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In essence, by harnessing the design of the NEON Stack and Eclipse, developers will be empowered to build sophisticated dApps that leverage the distinctive features of Ethereum and Solana, along with their respective native ecosystems and virtual machines.

The daily chart indicates a downtrend in NEON's price over the past month. Source: NEONUSD on TradingView.com

As of the current update, the native token of NEON EVM, NEON, is trading at $1.0135. It has exhibited a 2.6% recovery over the past 24 hours, aligning with the broader positive sentiment in the cryptocurrency market. However, during the past 7 days, the token has experienced a price decline, witnessing a drop of approximately 8%.

Featured image from Shutterstock, chart from TradingView.com 

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