Solana VM, the world's first EVM-compatible Layer 2 solution for Solana (CRYPTO:SOL), has secured over $1 million in its presale phase, offering investors the opportunity to acquire $SVM tokens.

With aims to bridge Ethereum's (CRYPTO:ETH) $68 billion TVL to Solana, Solana VM promises low transaction fees and high throughput, enabling seamless migration of existing Ethereum dApps to Solana's blockchain.

The project plans to implement key EVM-compatible dApps in Q3, ushering in a new era of DeFi innovation and accessibility.

Solana VM's competitive advantages lie in its compatibility with Solidity and Vyper languages, low transaction fees, and high throughput, positioning it as a formidable contender in the DeFi landscape.