In a major development for the cryptocurrency industry, the SEC approved the first-ever Ethereum ETF today. This decision is seen by many as a potential turning point, ushering in a new bull cycle for crypto. With Ethereum paving the way for regulatory acceptance, all eyes are now on other leading projects like Solana.
SolanaVM created L2’s innovative solution that allows Ethereum dApps to leverage Solana’s lightning-fast speed and minimal fees. This can play a huge role in the coming bull run, as it might significantly boost the whole Solana ecosystem and the activity of developers in Web3.
SolanaVM recently commenced the presale of its native token, $SVM, raising over $400,000 within the first day. The presale is structured in multiple rounds with progressively increasing prices. The token launch is scheduled for Q3, with 15% of the total token supply allocated for the presale.
SolanaVM acts as a bridge, allowing developers to seamlessly move their existing Ethereum applications to Solana. This unlocks the immense potential of Solana’s architecture, which boasts:
SolanaVM isn’t just about speed and cost savings. It’s a win-win situation for both developers and users:
SolanaVM is more than just a bridge – it’s a leap forward in DeFi technology. By leveraging the power of Solana, it has the potential to revolutionize interactions with decentralized applications. Further updates can be tracked on SolanaVM official Twitter: https://twitter.com/solanaVM
To join the DeFi revolution, SolanaVM’s team invites users to visit SolanaVM’s website at solanavm.xyz to become part of the future.
ContactMark Walshcontact@solanavm.xyz
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
