Injective Unveils First-Ever Solana Rollup for Cosmos
Injective – a layer 1 blockchain – announced the first-ever Solana rollup launch for Cosmos.
According to the official press release shared with CryptoPotato, the “Solana Sealevel Virtual Machine (SVM)” will be deployed within the Cosmos ecosystem with the help of roll-up provider Eclipse.
By bringing the Solana development environment to the broader Cosmos ecosystem, the integration is aimed at bolstering growth and user adoption within the two ecosystems
Solana-Cosmos Interoperability
The new SVM rollup will further allow Solana smart contracts to be deployed within Cosmos without hindrance, setting the stage for Solana apps to interact directly with IBC.
The initiative will also benefit developers familiar with tooling and language on the Solana network to write and deploy their applications to the Cosmos ecosystem via Eclipse without needing to learn new programming languages or tooling.
Injective said that the integration is expected to attract a new audience to the Solana ecosystem while enabling Cosmos users to leverage popular Solana dApps.
More broadly, they believe that this move will lead to increased Web3 adoption overall across the two ecosystems.
Commenting on the new roll-up, Eric Chen, co-founder, and CEO of Injective Labs, stated,
“Injective is continuing to build the most dynamic ecosystem for DeFi. This new SVM rollup for the Cosmos IBC world will not only empower developers from Solana to deploy their dApps on Injective, but it will also create more opportunities for users to experience the best Web3 dApps in one integrated network.”
The aim is to evolve the SVM rollup to attain even higher levels of security and scalability going forward. The initial plan will be to integrate CosmosCosmos’sing interchain shared security model to tap greater levels of sustainability within the ecosystem over time.
Meanwhile, the migration of the SVM rolluprollup’savailability layer onto the Celestia mainnet is also on the cards to expand scalability properties.
InjectInjective’s Fund
Despite the turmoil in the market, Injective unveiled a $150 million ecosystem initiative in January this year.
For the fund, the decentralized smart contracts platform assembled the largest consortium to date within Cosmos that includes a partnership with Pantera Capital and Kucoin Ventures, market maker Jump Crypto, and research and development hub Delphi Labs.
Apart from supporting projects that accelerate the adoption of interoperable infrastructure and decentralized finance (DeFi), the fund will also focus on offering token and equity investments and provide operational backing via memberships in terms of development, cryptographic research, marketing as well as community growth.
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