Yona Community, a Solana Digital Machine (SVM) Bitcoin Layer 2 community, has adopted Neon Stacks to introduce Ethereum Digital Machine (EVM) compatibility to the Bitcoin community.
In response to a July 25 assertion shared with CryptoSlate, this collaboration goals to drive innovation within the Bitcoin DeFi ecosystem whereas enhancing accessibility and scalability for decentralized functions (dApps) on the foremost blockchain community.
On the identical time, the transfer may also give EVM builders and customers entry to over $1 trillion in liquidity and property like Ordinals, Runes, and BRC-20s on the Bitcoin community.
Bringing Solana velocity to Bitcoin
Yona Community’s SVM integration is about to deliver Solana’s excessive transaction-handling functionality to Bitcoin. This transfer might entice extra Ethereum and EVM-based DeFi initiatives to the Bitcoin community.
In response to the assertion:
“By integrating SVM, Yona envisions bringing Solana’s potential to deal with hundreds of transactions per second onto Bitcoin, making it a modular L2 with excessive scalability and a coveted platform for next-generation dApps inside the Bitcoin ecosystem that has deep liquidity.”
Neon Stacks, which affords Ethereum compatibility with the Solana blockchain, will help Yona’s imaginative and prescient. The collaboration is predicted to boost blockchain interoperability and scalability.
Davide Menegaldo, Neon EVM CCO, highlighted that the mixing would broaden Yona Community’s market viewers and interplay with Ethereum. He added:
“The mixture of Bitcoin because the underlying layer with the SVM execution setting – merged with the EVM compatibility – represents a novelty within the modularity area, and it’s an formidable case research. Yona’s strategy leverages one thing good from every L1 (Ethereum, Solana, and Bitcoin) in a approach by no means seen earlier than.”
Max Sultakov, Yona Community’s CEO, described the mixing with Neon Stacks as a revolutionary transfer that may remodel the blockchain community right into a common programmable layer for Bitcoin. He mentioned:
“Neon Stack is a game-changer, bringing EVM compatibility to SVM chains in an unprecedented approach. This unlocks unbelievable potential for Yona Community, remodeling it right into a common programmable layer for Bitcoin.”
