Injective Introduces First Solana Rollup for Cosmos

Injective, a Layer 1 blockchain, announced the first cumulative release of Solana for Cosmos.

According to the official press release shared with crypto potatothe “Solana Sealevel Virtual Machine (SVM)” will be implemented within the Cosmos ecosystem with the help of the Eclipse provider.

By bringing the Solana development environment into the broader Cosmos ecosystem, the integration aims to drive growth and user adoption within the two ecosystems.

Solana-Cosmos interoperability

The new SVM package will further enable Solana smart contracts to be deployed within Cosmos without hindrance, setting the stage for Solana applications to interface directly with IBC.

The initiative will also benefit developers familiar with the Solana network language and tools to write and deploy their applications to the Cosmos ecosystem through Eclipse without the need to learn new programming languages ​​or tools.

Injective said the integration is expected to bring a new audience to the Solana ecosystem while allowing Cosmos users to take advantage of popular Solana dApps.

More broadly, they believe this move will lead to more overall Web3 adoption across the two ecosystems.

Commenting on the new brief, Eric Chen, co-founder and CEO of Injective Labs, stated:

“Injective continues to build the most dynamic ecosystem for DeFi. This new SVM package for the Cosmos IBC world will not only allow Solana developers to deploy their dApps on Injective, but also create more opportunities for users to experience the best of Web3 dApps in an integrated network.”

The goal is to evolve the SVM package to reach even higher levels of security and scalability in the future. The initial plan will be to integrate CosmosCosmos’ cross-chain shared security model to leverage higher levels of sustainability within the ecosystem over time.

Meanwhile, availability layer migration from SVM rolluprollup to the Celestia mainnet is also planned to extend scalability properties.

Injective Background

Despite the turmoil in the market, Injective introduced a $150 million ecosystem initiative in January of this year.

For the fund, the decentralized smart contract 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 center Delphi Labs.

In addition to supporting projects that accelerate the adoption of interoperable infrastructure and decentralized finance (DeFi), the fund will also focus on offering tokens and equity investments and providing operational support through memberships in terms of development, crypto research, marketing, and growth of community.