Solayer Debuts SVM Bridge to Enhance Solana Ecosystem Connectivity
On August 15, solayer introduced SVM Bridge, revolutionizing how assets move across SVM-powered networks.
SVM Bridge aims to seamlessly connect Solana with InfiniSVM and other SVM-based chains. Boasting ultra-low latency and minimal fees, it ensures swift and cost-effective asset transfers. According to Solayer’s Founding Engineer, Chaz, “SVM Bridge simplifies interchain transactions, maintaining the SVM’s deterministic nature.”
eliminating translation layers, SVM Bridge boosts performance, aiming for one-second finality and fees as low as 0.0006 SOL. Its partnership with SOON adds Decoupled SVM technology, enabling Solana Virtual Machine deployment across various layer-1 networks. Joanna Zeng of SOON noted, “SVM Bridge fosters a unified environment, providing seamless composability and liquidity.”
While multichain bridges often pose security risks, SVM Bridge prioritizes safety. Since 2021,over $2.7 billion has been lost in bridge attacks due to increased centralization. SVM Bridge aims to mitigate these concerns, offering a more secure integration for the Solana ecosystem.
- Ultra-low latency and minimal fees for rapid asset transfers
- Partnership with SOON for enhanced SVM functionality
- Prioritizes security to address decentralization challenges
