SINGAPORE, SINGAPORE / ACCESSWIRE / July 22, 2024 / Lumio, a rollup technology suite that enables developers to build with any VM on any chain, today announced the launch of its Layer 2 solution on Solana's public devnet. This marks a significant milestone for Lumio's vision of a blockchain future free from vendor lock-in, empowering developers to build with any virtual machine (VM) on any chain.

Lumio's Layer 2 implementation on Solana addresses scalability challenges by enabling faster transactions and lower latency, particularly during periods of network congestion.

"Lumio on Solana expands the capabilities of the Solana blockchain by introducing advanced L2 scaling solutions," said Alejo Pinto, Lumio's founder. "This empowers developers to leverage the power of Solana while enjoying the benefits of a high-performance Layer 2 environment."

Unlocking Developer Freedom with VM Equivalence

Lumio's unique value proposition lies in its VM equivalence feature. Developers can deploy their existing code on Lumio's Solana L2 with minimal to no changes, thanks to Lumio's support for various VMs, including the Solana Virtual Machine (SVM), Move VM, and, soon, parallelized Ethereum Virtual Machine (EVM).

This opens doors in DeFi, gaming, and other blockchain applications. Developers can leverage Lumio's Solana L2 to build:

• Perpetual DEXes (perpetual decentralized exchanges): Separate order book execution from liquidations for improved efficiency.

• Ultra-low latency games: Enable real-time interactions within the game environment.

Lumio on Solana is the second instance of the Lumio Chain Collective, following the successful launch on Optimism. This collective vision allows developers to deploy applications across various L1s, including Solana, Ethereum, and others.

While the Lumio on Solana testnet isn't publicly open, interested developers can join the waitlist on the Lumio website. The Lumio team will select testers through a raffle system based on information submitted during the approval process.

About Lumio

Lumio is a rollup technology suite designed to break vendor lock-in and empower developers to build on any chain with any VM. Lumio's secure and scalable Layer 2 solutions enable developers to create next-generation blockchain applications with minimal trust assumptions.

CONTACT:
Colin Landers
colin@energentmedia.net

SOURCE: Lumio