6 months ago
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The new tech suite aims to combine Solana's speed with Ethereum's liquid ecosystem.
Eclipse announced today the deployment of the Neon Stack technology, aimed at solving the compatibility issues between Ethereum and Solana ecosystems. The Neon Stack is a technology suite developed by the core Neon EVM team, which makes the Ethereum Virtual Machine (EVM) and the Solana Virtual Machine (SVM) interoperable.
This integration of the SVM by Eclipse is expected to bring Solana’s high transaction throughput to Ethereum’s ecosystem. Neon Stack is comprised of Neon EVM smart contracts and Neon Proxy, and has been operational on the Solana mainnet since July 2023.
“With Neon Stack, we are paving the way for high-performance, scalable dApps infrastructure that transcends the limitations of traditional blockchain architectures and redefines computational efficiency,” said Davide Menegaldo, CCO at Neon EVM. “We are pleased to see Eclipse as the first industry partner to utilize the Neon tech stack.”
Ethereum is the largest decentralized finance (DeFi) when it comes to total value locked (TVL), with over $91 billion in its applications, according to data aggregator DefiLlama. Meanwhile, Solana shows a significant amount of $6.6 billion in TVL. Eclipse’s move with the Neon Stack is capable of connecting those two major DeFi ecosystems in a seamless way.
“Eclipse’s integration with Neon Stack will allow developers to seamlessly deploy their dApps from EVM chains to Eclipse, further strengthening the harmonization between Solana and Ethereum,” stated Neel Somani, founder of Eclipse Labs. “Solidity developers that want to build on a high-performance L2 that uniquely utilizes the strengths of the SVM can finally do so.”
Moreover, this tech suite has enabled the deployment of various Ethereum-native Solidity applications to Solana without altering their codebases, from gaming to decentralized exchanges. Over 13,000 applications are registered in the Ethereum ecosystem currently, and only a fraction cross-chained to Solana.
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