What is Solana VM
SolanaVM enables dApps built with Solidity and Vyper to leverage Solana’s network advantages: low fees, high transaction speeds, and the capability for parallel transaction execution.
For developers, this translates to the ability to create Solana-compatible contracts using familiar tools from the Ethereum ecosystem.
Developers using SolanaVM maintain access to:
- Familiar programming languages such as Solidity and Vyper.
- Well-known Ethereum development tools.
- Compatibility with the Ethereum RPC API.
- Ethereum account and signature systems, and token standards like ERC-20 and ERC-721.
- Extremely low gas fees, costing approximately 0.000015 SOL per transaction.
- High transaction speeds, exceeding 2,000 transactions per second.
- Integration into the rapidly expanding Solana ecosystem without the need for additional validators.