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London, UK, June 10th, 2024, Chainwire
<a href="https://solanavm.xyz/?ref=svm:VbBthooI" rel="noopener noreferrer nofollow">Solana VM</a> — the world's 1st EVM compatible L2 for Solana, has raised over $1M to lead the DeFi on Solana.
<a href="https://solanavm.xyz/?ref=svm:VbBthooI" rel="noopener noreferrer nofollow">Presale</a> is offering users the chance to invest in $SVM, Solana's VM native token, before the official token will be open for public trading.
<a href="https://solanavm.xyz/?ref=svm:VbBthooI" rel="noopener noreferrer nofollow">Solana VM</a> raised over $1 million to launch a world’s first EVM compatible L2 for Solana.&nbsp;
The team has allocated 15% of the total token supply for the presale, making it a temporary opportunity for those interested in the <a href="https://solanavm.xyz/?ref=svm:VbBthooI" rel="noopener noreferrer nofollow">Solana VM</a> project.&nbsp;
It’s&nbsp;aims to bridge the gap between Solana blockchain and Ethereum dApps, that will allow $68 billion TVL worth of apps to build on Solana.
$SVM <a href="https://solanavm.xyz/?ref=svm:wbnlbtaZ" rel="noopener noreferrer nofollow">Presale</a> is&nbsp;Live: <a href="https://solanavm.xyz/?ref=svm:VbBthooI" rel="noopener noreferrer nofollow">https://solanavm.xyz/?ref=svm:VbBthooI</a>&nbsp;
According to their Roadmap, the team plans to implement the following in Q3:
<ul>
 <li>Public Launch&nbsp;</li>
 <li>Token Generation Event&nbsp;</li>
 <li>Listing on CEX&amp;DEX&nbsp;</li>
 <li>Implementing key EVM-compatible dApps in the Solana VM environment.&nbsp;&nbsp;</li>
</ul>
This multi-round presale offers $SVM at progressively increasing prices set by the team, with the token launch for public trading scheduled for Q3.
What is Solana VM?
<a href="https://solanavm.xyz/?ref=svm:VbBthooI" rel="noopener noreferrer nofollow">Solana VM</a> – the first EVM-compatible L2 for Solana – is the gateway to a fully compatible Ethereum environment on the Solana blockchain. Solana VM allows users to leverage the potential of Solidity- and Vyper-based dApps, taking advantage of Solana's network benefits
SolanaVM acts as a bridge, allowing developers to seamlessly move their existing Ethereum applications to Solana.&nbsp;
Competitive Advantage:
<ul>
 <li>Using Solidity and Vyper languages on - <a href="https://ethereum.org/en/" rel="noopener noreferrer nofollow">Ethereum</a>, <a href="https://www.bnbchain.org/en/bnb-smart-chain" rel="noopener noreferrer nofollow">Binance Smart Chain</a>, <a href="https://solanavm.xyz/?ref=svm:VbBthooI" rel="noopener noreferrer nofollow">Solana VM&nbsp;</a></li>
 <li>Low transaction Fee&nbsp;</li>
 <li>TPS: <a href="https://ethereum.org/en/" rel="noopener noreferrer nofollow">Ethereum</a>-100, Solana- 1500, <a href="https://www.bnbchain.org/en/bnb-smart-chain" rel="noopener noreferrer nofollow">Binance Smart Chain</a>-1600, Solana VM- Up to 5000</li>
</ul>
<blockquote>
 Kelly, who is also the founder and CEO of the BKCM Digital Asset Fund in CNBC episode, said: “You’ve got to think about Solana as probably the next one. Bitcoin, Ethereum and Solana are probably the big three for this cycle.”
</blockquote>
<a href="https://solanavm.xyz/?ref=svm:VbBthooI" rel="noopener noreferrer nofollow">Solana VM</a> focuses specifically on bridging the gap between Ethereum, the current leader in DeFi, and Solana, a high-speed blockchain network.&nbsp;It acts as a bridge, allowing developers to seamlessly move their existing Ethereum applications to Solana. This unlocks the potential of Solana's architecture, which boasts:
<ul>
 <li>Speed: Solana Virtual Machine can handle thousands of transactions per second, compared to Ethereum's current limit, which allow instant transactions for DeFi users.</li>
 <li>Lower Fees: Solana's efficient design keeps transaction fees to a minimum, making DeFi applications more affordable for everyone.</li>
</ul>
<a href="https://solanavm.xyz/?ref=svm:VbBthooI" rel="noopener noreferrer nofollow">SolanaVM</a> additions beyond speed and cost saving:
<ul>
 <li>Effortless Migration: Developers can migrate their Ethereum applications to Solana with minimal code changes, thanks to Solana VM's compatibility features.</li>
 <li>Familiar interface: Users can continue using the tools and interfaces they're already comfortable with, while experiencing Solana's high-speed network.</li>
 <li>A More Inclusive DeFi Ecosystem: By removing the barriers of slow speeds and high fees, SVM opens the door for wider adoption and innovation within DeFi.</li>
</ul>
Users can visit SolanaVM <a href="https://solanavm.xyz/?ref=svm:VbBthooI" rel="noopener noreferrer nofollow">website</a> and join their <a href="https://t.me/solana_vm" rel="noopener noreferrer nofollow">Telegram Community</a> to learn more.
By leveraging the power of Solana, SolanaVM has the potential to revolutionize the way we interact with apps in a decentralized world. Further updates can be tracked in their official Twitter: <a href="https://twitter.com/solanaVM" rel="noopener noreferrer nofollow">https://twitter.com/solanaVM</a>&nbsp;
Users can visit SolanaVM's website — <a href="https://solanavm.xyz/?ref=svm:VbBthooI" rel="noopener noreferrer nofollow">solanavm.xyz</a> for more information
About&nbsp;
<a href="https://solanavm.xyz/?ref=svm:VbBthooI" rel="noopener noreferrer nofollow">SolanaVM</a> is a groundbreaking project founded by a team of dedicated developers passionate about the future of DeFi. Their vision is to bridge the gap between the established ecosystem of Ethereum and the power of Solana. By achieving this, SolanaVM aims to create a more efficient, accessible, and innovative landscape for DeFi.
ContactMark WalshSolana VMcontact@solanavm.xyz
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

World’s First EVM compatible L2 for Solana set to launch in 2024, Solana VM Raised Over $1,000,000 in $SVM Presale

Crypto Daily™

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