Ethereum competitor Solana introduces new compiler to attract developers from ETH ecosystem

Solana labs introduced a new compiler Solang that aids Ethereum ecosystem’s developers in transitioning to the SOL ecosystem.
The Ethereum competitor has unveiled a tool that assists developers familiar with ETH smart contract development to get started on Solana.
Solana price is $27.88 on Binance at the time of writing, the new development could catalyze SOL price recovery.

Ekta Mourya FXStreet

Solana labs announced the launch of its new compiler, Solang. The developers behind the project are keen on attracting developers from the Ethereum ecosystem. The introduction of Solang could catalyze SOL price recovery.

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Solana Labs unveils Solang to attract ETH developers

Developers of the Ethereum alternative blockchain Solana are keen on attracting developers from the ETH ecosystem. Solana labs introduced a new compiler, Solang, that makes it easier for Ethereum Virtual Machine (EVM) developers familiar with smart contract development in Solidity, to get onboarded to the new blockchain.

The new tool enables developers to delve into and write applications on the Solana blockchain. Solana’s release is a response to the rising competition between protocols like Neon EVM that introduced a similar tool to enhance compatibility between Solana and Ethereum ecosystems.

Solang is compatible with Solidity version 0.8 and grants the EVM framework access to the network’s core features. Initially Solana Labs development was centered around Rust or C for scripting smart contracts.

1/ Introducing Solang: Building on Solana with Solidity

Today, @solanalabs announces Solang, a compiler enabling developers to write smart contracts on Solana in Solidity, the primary programming language of Ethereum.https://t.co/X703sAMJBC

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— Solana (@solana) July 19, 2023

Solana price is $27.88 at the time of writing, on Binance. The launch of Solang is expected to act as a bullish catalyst for SOL price recovery in the long term.

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Author

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

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