Yona Community built-in the Neon Stack to mix EVM-compatibility with its Solana Digital Machine.
Yona Community, a Bitcoin Layer 2 community, is bringing a number of digital machines to Bitcoin.
On July 25, Yona introduced it had built-in Neon Stack the tech stack from Neon EVM, to introduce Ethereum Digital Machine (EVM)-compatibility onto Yona Community. The combination permits builders to port EVM-based decentralized functions (dApps) onto the Yona Community and the broader Bitcoin ecosystem.
“EVM developers and users will gain entry into the Bitcoin ecosystem, tapping into over $1 trillion of untapped liquidity and unique Bitcoin-based assets like Ordinals, Runes, and BRC-20s,” Yona Community stated.
“With the integration of Neon Stack, we will empower Yona Network to expand its market audience and interact with the Ethereum community too,” stated Davide Menegaldo, the chief industrial officer at Neon EVM.”
Yona already leverages the Solana Digital Machine (SVM) to facilitate excessive transaction throughput. Previously 24 hours, Solana processed a mean of three,173 transactions per second (TPS), in comparison with 250 TPS throughout Ethereum’s ecosystem. and5 TPS on Bitcoin.
Neon EVM’s tech stack facilitates EVM-compatibility for Solana and SVM-based chains.
Bitcoin’s rising L2 ecosystem
The information comes amid the proliferation of Bitcoin Layer 2 networks as builders search to beat Bitcoin’s scalability limits and lack of good contract performance. Analysts attribute Bitcoin’s scalability limits to its 1MB block dimension and 10-minute block instances.
In line with DeFi Llama, Bitlayer presently ranks as the biggest EVM-compatible Bitcoin L2 by complete worth locked with $381.7 million. Merlin is available in second with $294.7 million, adopted by the sidechains Stacks with $198.4 million and Rootstock with $169.6. million.
Bouncebit, a Bitcoin staking protocol, boasts a $388.7 million TVL, whereas Lightning Community, a payments-focused Bitcoin sidechain, additionally hosts $333.9 million.
Different Layer 2 tasks bringing EVM performance to Bitcoin embrace Hemi Community, Citrea, Bitfinity, Botanix, and Conflux — all of that are presently stay on testnet.
Associated: Jeff Garzik’s Hemi Community Brings EVM Execution To Bitcoin
