Solayer Unveils SVM Bridge To Connect Solana And SVM Chains
Solayer launched SVM Bridge, an interoperability protocol to connect Solana and the Solana Virtual Machine.
Summary
- Solayer unveils SVM Bridge to boost interoperability in the Solana ecosystem
- SVM Bridge will connect Solana with InfiniSVM and other SVM chains.
- Network boasts low latency, security, and efficient asset bridging
Solana (SOL) ecosystem’s interoperability could soon get a boost. On Friday, August 15, Solayer, the company behind InfiniSVM, announced the launch of SVM Bridge. The bridge will serve as an interoperability solution for networks using the Solana Virtual Machine (SVM).
The bridge will connect the Solana network with InfiniSVM and other SVM chains. Solayer claims that it will feature ultra-low latency and minimal transaction fees to keep asset transfers efficient.
“SVM Bridge keeps interoperability native to SVM—deterministic, low-latency, and simple for builders. You sign once, keep your tooling, and move assets at chain speed without translation layers,” Chaz, Founding Engineer, Solayer
Because of its native support for SVM chains, the SVM Bridge eliminates translation layers. This enhances performance compared to similar interoperability solutions. Solayer claims that the network can achieve finality in one second, with fees at 0.0006 SOL.
Solayer partnered with SOON, which is already building across multiple layer-1 models with its Decoupled SVM model. This enables it to deploy the Solana Virtual Machine on other chains.
“SVM Bridge lets every SVM chain operate like one environment—composability without seams and direct liquidity across networks,” Joanna Zeng, Co-Founder of SOON
Solayer highlighted that multichain bridges present significant security challenges. Since 2021, users and protocols have lost $2.7 billion in bridge attacks, making them one of the most vulnerable technologies in the blockchain space.
This is largely due to the fact that they introduce centralization in an otherwise decentralized environment. While bridge technology is improving, centralization remains a key concern.
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Ether Surges 16% Amid Speculation Of US ETF Approval
New York, USA – Ether, the second-largest cryptocurrency by market capitalization, experienced a significant surge of ... Read more
BlackRock And The Institutional Embrace Of Bitcoin
BlackRock’s strategic shift towards becoming the world’s largest Bitcoin fund marks a pivotal moment in the financia... Read more
Robinhood Faces Regulatory Scrutiny: SEC Threatens Lawsuit Over Crypto Business
Robinhood, the prominent retail brokerage platform, finds itself in the regulatory spotlight as the Securities and Excha... Read more
Analyst: Bitcoin Price Rejects Key Resistance But Uptrend View Remains Intact
Bitcoin’s price in its early-December drop reflects algorithmic flows, thin liquidity, and a resistance retest, with v... Read more
Ripple Secures Expanded Payment License From The Monetary Authority Of Singapore
Ripple Labs has secured an expanded license from Singapore’s central bank, adding to its already strong regulatory foo... Read more